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Trojan Horse ETFs: Financial Elites Controlling Crypto?

Are Bitcoin, Ethereum, and Solana ETFs really good for the crypto ecosystem, or are they Trojan horses designed to make controllable what was meant to be uncontrollable? The recent rejoicing over ETF approvals by major institutions is puzzling, considering their past criticisms of crypto. Why the sudden interest?

1 min 43 secJuly 10, 2024July 10, 2024
Trojan Horse ETFs: Financial Elites Controlling Crypto?

Has the thought ever crossed your mind that Bitcoin, Ethereum and Solana ETFs might be a ploy by financial elites and governments to control the decentralized crypto ecosystem? This article is an attempt to explore the manipulation tactics and long-term goals behind the push for crypto ETFs.

 

 

Larry Fink, the CEO of BlackRock had some critical opinions about Bitcoin and didn’t shy from calling Bitcoin a money laundering tool. Yet now, BlackRock has released a spot ETF on Bitcoin, raising questions about their true intentions.

Blackrock has ventured into the crypto and blockchain industry with a singular long-term motive, which is to strategically tokenize global assets. Will it be beneficial for the crypto community if BlackRock tokenizes assets like real estate, energy and agriculture?

 

 

Satoshi Nakamoto originally envisioned a peer-to-peer payment system for Bitcoin. These ETFs are turning Bitcoin into a speculative product, deviating from its original purpose. Despite concerns about high transaction fees and long validation times, solutions like, the layer 2 Lightning Network can address these issues. It preserves Bitcoin's utility and freedom

 

 

Currently, ETFs hold 3.9% of total BTC. While this may seem low, it represents rapid accumulation signifying a significant influence. This 4% could support the Lightning Network to rival traditional payment systems like Visa and MasterCard. However, ETFs make Bitcoin more manipulable with clauses allowing liquidation at any time. This could potentially cause massive market disruptions.

 

“If I were the government, I would close down Bitcoin” - J.P. Morgan CEO Jamie Dimon, December 6th, 2023. 

 

Additionally, BlackRock's collaboration with J.P. Morgan underscores potential manipulation. J.P. Morgan's history of gold price manipulation casts doubt on their role, the bank is known for its financial scandals. Their anti-Bitcoin sentiments are also noteworthy.

 

 

The long-term goal appears to be a tokenized system controlled by financial elites. Crypto experts should question the motives behind these ETFs and remain vigilant about future products from financial elites. Preserving Bitcoin's decentralized spirit is crucial in maintaining independence in payment systems and technology.

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