As everyone celebrates the success of the spot Bitcoin ETFs, the centralization risks arising from the involvement of asset managers has fallen by the wayside, and not just in terms of their BTC holdings.
Asset managers have also been aggressively investing in publicly traded Bitcoin mining companies. Meanwhile, more and more of Bitcoin’s hash rate is coming from these publicly traded miners.
If that wasn’t scary enough, firms affiliated with the ESG investment ideology have been making lists of influential Bitcoin developers, and some asset managers are even donating funds to Bitcoin devs.
What could go wrong? Watch until the end to find out…
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📺Essential Videos📺
Bitcoin Block Size Wars Explained 👉 https://youtu.be/EekpDicWAIA?si=PpRebjkzjNse3FuX
ESG Cryptocurrency Explained 👉 https://youtu.be/zVxiFEzCp2U?si=D_Cz02w-1iBbC60-
MSCI Making A List Of Bitcoin Developers 👉 https://youtu.be/h-5vCvWfgvU?si=KwCmnRD0QFK5Jbc5
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Blackrock Can Influence Bitcoin Fork: https://blockworks.co/news/blackrock-bitcoin-etf-wolf
► F2Pool Censors BTC Transactions: https://news.bitcoin.com/bitcoin-mining-pool-f2pool-acknowledges-ofac-transaction-censorship-backpedals-after-community-backlash/
► Marathon Digital Largest Shareholders: https://www.wallstreetzen.com/stocks/us/nasdaq/mara/ownership
► VanEck Donates Spot Bitcoin ETF Profits To Developers: https://www.coindesk.com/business/2024/01/05/vaneck-to-donate-5-of-profits-from-btc-etf-to-bitcoin-core-developers
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– TIMESTAMPS –
0:00 Intro
0:52 BTC Holdings And Bitcoin Forks
5:10 Bitcoin Transaction Censorship
10:32 Blackrock Controlling Bitcoin Miners?
14:54 Bitcoin Developers Paid By Asset Managers?
20:41 Outro
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Crypto #bitcoin #centralization
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