Never sell to blackrock or any of these guys. Peer to peer! Also important to remember that technically this isn’t actually their bitcoin, they are holding it for their customers. If all their customers sold now would balckrock hold any BTC? Am I being niece/ ignorant to how the ETF game works?
Discussion
"They are holding it for their customers"
Untrue! those bitcoins actually are black rock property. Customers only have a piece of paper.
not your keys not your coins
Please remember that.
Thank you for the clarification and important remembrance of the essence of Bitcoin.
Hypothetical question? If all of the paper bitcoin holders over night saw the light and sold their ETFs so they could buy the real thing, I guess blackrock would sell anything other than their bitcoin to discharge their liabilities and thus continue to hold all the bitcoin they had accumulated. Would this be a fair understanding?
I don't know what Blackrock would do.
If they understood Bitcoin, it's possible they would sell other things and keep Bitcoin.
who knows? 😅