This is a more precise way to put it. It’s bad for those who *think* they are onboarding into Bitcoin from the traditional banking system but really aren’t. But I’d say it’s a net negative (at least in the short or mid term) to have a wave of “adoption” that isn’t increased adoption of Bitcoin at all.

Having BlackRock potentially control so much of the flows of Bitcoin could have short term negative effects on market independence. In my mind though it spurs a global race to get allocated and for institutions around the world to get control of their own piece of the flows, which will diminish any attempts to manipulate or strangle the industry by BlackRock.

Or maybe its an indication I worked construction for 12 years of my life?

Why do you feel superior because you don’t use certain sounds that’s someone somewhere at some point in time that no one knows decides they were “bad” words?

Or that you're British.

Very true. If Bitcoin were proof of stake we'd be fucked. (obviously)

This is just a means of roping people into a giant scam and trapping the legacy financial system's internal piping inside its apparatus without the average person having any understanding of what is happening.