You want the truth, a lie or both?

Rumors are circulating that Coinbase is writing #Bitcoin IOUs for BlackRock and they are suppressing price.

I have seen a tweet talking about how there are rumors that Coinbase is writing Bitcoin IOUs for BlackRock and they are suppressing price.

Thought to give a point of

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Is BlackRock Suppressing Bitcoin's Price?

There is no clear evidence that BlackRock is suppressing Bitcoin's price through its partnership with Coinbase. While some speculate that BlackRock holding a large amount of Bitcoin could negatively impact the price, others argue that it actually raises the value for everyone else.

BlackRock's Crypto Ambitions

-> BlackRock has been expanding its crypto offerings, including launching a spot Bitcoin ETF called iShares Bitcoin Trust (IBIT)

-> In 2022, Coinbase was selected by BlackRock to provide its Aladdin clients access to crypto trading and custody

-> BlackRock aims to have $5 trillion in crypto assets under management by 2030

Basis Trade Dynamics

-> Bitcoin's recent price decline from around $72,000 to $65,800 coincides with $580 million in outflows from Bitcoin ETFs

-> This contrasts with the previous 19 consecutive trading days of inflows totaling $4 billion, which aligned with Bitcoin's price rise from $60,000 to $70,000

-> The discrepancy has led to questions about whether Bitcoin's price is being suppressed, but some argue it's simply due to basis trade dynamics

In conclusion, while BlackRock's growing presence in the crypto space is noteworthy, there is no definitive proof that they are actively suppressing Bitcoin's price. The recent price fluctuations appear to be more closely tied to ETF inflows and outflows rather than any malicious actions by BlackRock or Coinbase.

#Bitcoin #BTC #BlackRock #Coinbase #Nostr

Soon, in Australia, criticizing the banks will soon be considered a ‘serious harm’ and subject to prosecution.

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#art #bitcoin #nostr #artstr

So are we back?

Need to explore this…

#breakthestate #anarchy #memestr

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I finished "Imminent" by Luis Elizondo. That was quick! I was taking notes, and I have sooooo much to say, which means that Lue did a good job because his intention was to start (or continue) a conversation. Hopefully, I can find the time to write some of my thoughts about the book, and I will help 'keep the ball rolling.'

I loved this conversation at the beginning of the book because it reflects most people’s attitude towards this topic (including my own some time ago): Jim: 'What do you think about UFOs?' Lue: 'I don’t.'

#Books

#UFOs

#UAPs

We All Are A Nostruencer #Nostr

What’s gossip? That’s a new one

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