BlackRock's spot #Bitcoin ETF hit $3 billion in assets, and is now in the top 10% of all ETFs by assets.
This took just 3 weeks 🔥
Discussion
#btc seems to be putting in a head & shoulders pattern so seems to be a bad move by #Blackrock. Regardless, if the overlords have control of it now, what is point of us mere peasants investing in it so they can pick our pockets by constant price manipulation.
That is a fairly cynical view to have. The reality is that nobody controls the bitcoin network. Just because an entity has a lot of coins that doesn’t give them protocol voting rights.
I used to think so too. However, if you watch #mempool bitcoin explorer then you will see that some blocks are delayed 30 plus minutes so the tranaction fees get to a better sat/vB. Watch and explain that. One of reasons I closed my positions.