atyh on Nostr: Gabriel The threat that bitcoin now poses has nothing to do with the bitcoin pop ...
Gabriel (npub15fl…9vag)
The threat that bitcoin now poses has nothing to do with the bitcoin pop culture on social media. That is a creation of the west. The recent bank collapses were the opening big gun salvo. But it did not go as planned, and they jumped the gun.
When the smoke cleared, what was left was the rubble of the "crypto market" with bitcoin standing in the middle largely unscathed.
I suspect Blackrock's recent move is a resulting strategy adjustment.
The way they performed some of their trades looks like they were trying to take down one of the largest bitcoin only funds. The attempt failed. It made it rise.
So expect salvo 3 soon.
Fink told the truth when he was asked. He suggested that the increasing internationalization of bitcoin holdings has given it a certain resilience to market stresses. What he omitted is they are the ones trying to apply the stress.
But from what I have seen this week, it may be too late. They may have to let the mask slip to resort to extreme measures.
People, especially in the myopic west do not understand the widely distributed hold bitcoin now has in Central and South America, Africa, Russia, and in some parts of the west. There are economies that are entirely bitcoin centric now. These exist outside of the western social media bubble, which is not real life.
Bitcoin has moved beyond the reach of the terrorist, black market, money laundering, and criminal propaganda weapons. Except for easily influenced neo-libs in the west who are inherently more propagandized than much of the rest of the world. The Globos options around Bitcoin are narrowing. They can try to make mining and transactions illegal across the world using a series of wide spread cyber attacks resulting in required ID to access the internet, or try to tie it heavily to the fiat systems they intend on collapsing. Blackrock's latest move resembles the latter.
The threat that bitcoin now poses has nothing to do with the bitcoin pop culture on social media. That is a creation of the west. The recent bank collapses were the opening big gun salvo. But it did not go as planned, and they jumped the gun.
When the smoke cleared, what was left was the rubble of the "crypto market" with bitcoin standing in the middle largely unscathed.
I suspect Blackrock's recent move is a resulting strategy adjustment.
The way they performed some of their trades looks like they were trying to take down one of the largest bitcoin only funds. The attempt failed. It made it rise.
So expect salvo 3 soon.
Fink told the truth when he was asked. He suggested that the increasing internationalization of bitcoin holdings has given it a certain resilience to market stresses. What he omitted is they are the ones trying to apply the stress.
But from what I have seen this week, it may be too late. They may have to let the mask slip to resort to extreme measures.
People, especially in the myopic west do not understand the widely distributed hold bitcoin now has in Central and South America, Africa, Russia, and in some parts of the west. There are economies that are entirely bitcoin centric now. These exist outside of the western social media bubble, which is not real life.
Bitcoin has moved beyond the reach of the terrorist, black market, money laundering, and criminal propaganda weapons. Except for easily influenced neo-libs in the west who are inherently more propagandized than much of the rest of the world. The Globos options around Bitcoin are narrowing. They can try to make mining and transactions illegal across the world using a series of wide spread cyber attacks resulting in required ID to access the internet, or try to tie it heavily to the fiat systems they intend on collapsing. Blackrock's latest move resembles the latter.