Arthur Hayes spitting truth: “But at the end of the day, if you're thinking about why now, why did BlackRock get in their ETF approval in six months and the Winkle Clowns couldn't get one in 10 years? Right? Live in New York. They're both billionaires, both very rich. Why weren't they given one and BlackRock was given one in six months? Well, at the end of the day, you want the same financial institutions to control the wealth that can ultimately be appropriated by the government at the flick of a switch. BlackRock is just another arm of the U.S. government, just the same as any other large Chinese asset managers in the arm of the Chinese government.”
Discussion
Yep. Been saying this for awhile now.
It could happen in a millisecond & most of the American people would forget about it before the next 24-hour news cycle kicks in
Very close comparison…agreed. We all know IBIT isn’t true Bitcoin.
Nah. Blackrock’s main goal is to make money. And you’re not making a fair comparison- if Blackrock tried to get approval for an ETF in 2014 they’d have had to wait a long time too
lol what?
Said differently, self custody is the way.
There's a name for a combined government, media and corporations. It's called public-private partnership.
Coinbase is in the club too.
I'm not completely convinced that Blackrock (et al) is subservient to the government. I wouldn't be surprised to discover the relationship works the other way around.