Exactly.
They hold more Bitcoin currently and have the biggest share, I think they can influence bitcoin price but not necessarily the bitcoin network.They only are investing rapidly into the market and thus expanding the bitcoin ecosystem but the bitcoin network is entirely out of the control of anyone or organisation.
 Blackrock aim is for profit making not taking over a network that is decentralized.

The worst that Blackrock can do to Bitcoin is to sell their bags. That would drag the price down hard, but Bitcoin would bounce back in a short time. The ones who would be tragically affected would be the people who bought their ETFs. But such a scenario is unlikely. Possible, but unlikely.

The faith in Bitcoin might take a hit too, so there might be a crypto winter if something happens to the other institutions.

But even if all that were to happen, I still would not sell my bitcoin for fiat.  

Well, for obvious reasons. To control people's money. Why do you think the governments are against us using the exchange to save our money? and why do you think Binance is always their target?

But is true that what we have always been after is the manipulation of price but these big men "most,"  are too greedy. They might think they have won, but is good to know that other good exchanges like the one I mentioned are in existence so I don't think they will have much power after all


This too. I'm not gonna lie but I have made a good profit from these ETFs types specifically from that Welcome to bull run event I joined. Imagine BTC getting to 72K when is not yet gotten to its halving stage all we need to do is long the market and leave sooner even the halving date is so close

I think what you mean with this situation is that they have major shares that if decided to unload their holdings, would be impactful within the market. I think if BlackRock decides to just HODL it, it would be ideal for the community because it for sure, wouldn't be sold. It's just the assurance that we all will see.

Unless something were to happen, it would stay at its is. I think that would be the case.

Is true though and coinbase have been in war with them for quite a while. I believe that the exchange will win with any allegations that come in. That's why I just use Bitget that is on the surface with no issues, you know to be on the safer side and watch what these men are doing


I can't deny that either. The day I sent this news, I had been watching BTC for a while, following my instincts because I knew it would rise. I just wait for a particular price it will retrace then set my long.

Honestly, I have been enjoying this bullish trade with the event I mentioned and I hope to get the 30K prize as promised. Aside from this, I won't keep my guard down on these men still but I believe what y'all said

What do you mean by "control"? Do you think that Blackrock will decide which BTC transaction on the BTC blockchain will get approved and which one will be denied? This simply cannot happen. Having a large amount of BTC or owning lots of BTC mining capacity doesn't mean that you own and control the Bitcoin blockchain. Why would Blackrock want to control Bitcoin? What's their benefit from this "control"? If Blackrock manages to pump the BTC price to 150K or more, this would be a great benefit for them, but it will also be a great benefit for all the Bitcoin HODLers as well. Do you really think that Blackrock would want to crash the Bitcoin price, just because they want to "control" Bitcoin?

   Bitcoin cannot be controled by Blackrock. Blackrock is the world's largest asset manager,which makes available investment advice and risk management solutions to agencies,big firms and business associates involving trust to it's clients.
   
   Blackrock involving in Bitcoin are share holders, that is they are investors,since they are investors does not mean they will control Bitcoin because Bitcoin already has people controlling it.

   Bitcoin is been governed by several stakeholders which includes miners,developers and the users.
Developers are responsible for the writing of the code that makes Bitcoin run, miners validate transactions while the users make the software to work which involves trading,transacting, holding and several others.

   Blackrock ETF is a special type of ETF trails the price movement s of Bitcoin and for you to invest in Blackrock Bitcoin ETF, means you have to buy shares with money giving room for traditional and regulated means gaining attention to cryptocurrency market .

Market capital has increased to a large extent due to ETFs. Moreover, the total assets of investment platforms like Blackrock are more than the total cap of current cryptocurrencies. As far as I know their total assets are around 9 trillion while the current crypto assets are around 2.89 trillion. So we can assume that they can turn it bearish or bullish if they want. But no one has the power to control Bitcoin. Investing more can change demand but never control the entire network or Bitcoin. We expected a correction especially when Bitcoin overcome previous all time high but the market is still in a positive trend mainly due to the effect of ETFs. Halving and ETFs are going to have a big impact on the market in 2024.

A person or an organization holding a certain percentage of the total supply doesn't give them control over the cryptocurrency or its network, so even if Blackrock holds a large amount of Bitcoins, they wouldn't be able to control it, if you talk about the market manipulation, they might be able to do that if they move all their assets in the market and then use them to create buying or selling walls with them but that isn't going to happen because that is not what they are hoarding Bitcoins for.
So I don't find anything concerning in this. Maybe you heard about the 51% attack but that is done through mining and not by holding Bitcoins and that is a different thing and it is not easy for any firm to gain access to 51% or more mining power.

Bitcoin isn't a stock, and it isn't as if they can push their liberal agenda by voting their proxies and controlling companies' board rooms and such if they buy a whole bunch of bitcoin.  I don't see a huge risk to the bitcoin community in general but a risk to Blackrock if they somehow bought so much that they painted themselves into a corner, i.e., they wouldn't be able to sell it all if they needed to without crashing the market.

I'm way more concerned about them owning too much stock in too many companies.  That wouldn't trouble me at all if I didn't detest their politics and their ability to influence corporations to toe the line when it comes to DEI and who knows what else.  As far as bitcoin or any other cryptocurrency goes, let 'em buy all they want.  It'll either be bad for them or really good for us.