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The original was posted on /r/cryptocurrency by /u/deckartcain on 2023-07-18 00:56:29+00:00.
These people have their hands in anything that can short humanity; for their profit. They're heavily invested in oil companies, arms companies, have lobbyed for making public pensions private to the detriment of pensioners.
Their plan to launch a Bitcoin ETF basically enables them to mint and trade "Bitcoin" not at all related to the actual amount of Bitcoins in rotation. This could potentially greatly inflate the amount of "Bitcoin" in rotation, and give them the upper hand when it comes to price development.
There was recently an employee (their head recruiter) getting exposed by an undercover journalist on video, that is worth watching:
https://www.youtube.com/watch?v=vB95337GH4g
In the interview the BlackRock employee admitted to having insight into the bank sector and large financial institutions controlling most aspects of government. Truly a horrifying insight into how these institutions wield unseen power.
These people do not share a vision of enriching the common man, or giving financial power to the masses as a lot of us do. Please keep that in mind, and let's all be a bit more skeptical.
I don't mean to imply that anyone holds warm opinions on BlackRock currently, but I do see a lot of "insitutions are taking us to the moon" and "they're going to pump our bags"-talk, and I'm just attempting to give another perspective, because they're most certainly not going to so, if they get their will. Most likely they will try and use their influence to make sure we gain as little as possible from this.