How Will The World’s Largest Asset Manager Manage Bitcoin?

of the world the biggestwith asset manager BlackRock, to bitcoinwith the orientation split the crypto community in two.

US regulatory agency of the SEC The pressure on crypto had dragged the cryptocurrency market to the bottom. After the lawsuits filed against Binance and Coinbase, nearly 30 percent decreases were seen in altcoins. Meanwhile, the world’s largest asset manager became the lifeblood of crypto. BlackRock, spot Bitcoin ETFappealed to the attention.

However BlackRockAfter ‘s application, Bitcoin will be forked and BlackRock’s It has been discussed that it will have a manipulative effect in the market. The world’s largest asset manager, How will it manage Bitcoin?

BlackRock: The New Ruler to Bitcoin

in its portfolio 10 trillion dollarsThe world’s largest investment company by assets BlackRock is touted by some as the owner of the world. The company, which is thought to rule the world, has significant power in lobbying activities and political moves.

Founded in New York in 1988, the company has made a name for itself as the most reliable and largest asset manager just 33 years after its establishment. BlackRockLooking at its previous processes, it is known for turning crises into opportunities and for taking advantage of this opportunity. 2008 in crisis to the Fed it offersTurning the support into an opportunity, the investment company started to provide crisis management consultancy around the world.

BlackRock shows its power and influence in challenging situations. Thus, the company succeeds in bringing itself to the fore in the field it is involved in. It is also stated that BlackRock has an active say in lobbying activities especially in the USA. As a matter of fact, the company, which manages an asset close to 10 trillion dollars, closely follows the steps to be taken by the countries.

BlackRock’s Some of the products it invests in are used in wars and political actions. Moreover BlackRock It also continues to support various organizations such as the World Health Organization. In other words, the investment company, while making investments that will change the order of the world, on the other hand, tries to protect the order of the world. BlackRock is shown as one of the companies that shape the world.

Such a great power Bitcoin ETF applied for. BlackRock has officially stepped into Bitcoin. However, the SEC is on the agenda with its pressure on the cryptocurrency market. While it is debatable whether the SEC will accept this ETF product, the expectations are that the Bitcoin ETF will be released. Also, among the discussions, BlackRock’sIt is stated that it will cause a fork in Bitcoin and thus create a Bitcoin of its own. BlackRock, to bitcoin mi will rule?

Will BlackRock Dominate Bitcoin?

The wealth manager who dominates the world BlackRock , stepped into the industry with a spot Bitcoin ETF application. This ETF of the SEC Approval is expected within 6 months.

BlackRock’s move has split the crypto industry in two. Many people think that this move is to Bitcoin. bull run negative comments from some quarters draw attention. Citing several details in the BlackRock application, the crypto community claimed that this ETF application would not do well for Bitcoin.

Twitter user RamenPandashared a post with the caption the devil is in the details. RamenPanda claimed that BlackRock wanted to fork the Bitcoin network in order to control it. Drawing attention to 2017, the Twitter user said that BlackRock’s move was network warfare. RamenPandathinking that investors are buying Bitcoin iShare Bitcoin ETFwill receive and thus He reported that BlackRock will sell Bitcoin.

Bitcoin Nakamoto VisionIn this case, which is reflected as a coin, there is an increase in rumors that BlackRock wants to fork Bitcoin and create a Bitcoin of its own.

However, there is a significant increase in the number of people who think that these rumors do not make much sense. Opinions on the subject coincolictransferred to Ismail right Polat, said:

Bitcoin is not just a technological consensus of codes, it is a social consensus model advocated by its community. Therefore, there is not much point in saying that BlackRock will come to Bitcoin and it will fork. If anyone tries to do such a thing, he will be offside. On the contrary, I think BlackRock potentially wants to use this community.

As Polat mentioned bitcoin has a very strong structure as a network structure and as participants. If BlackRock, Bitcoin if they forkmay find it difficult to take the community with them. bitcoinit will stay where it is and the other Bitcoin that will emerge will continue as a reflection only.

Decision Phase in Bitcoin: BlackRock

satoshi Nakamoto’sissued in order to be an alternative to fiat money printed by the central government. bitcoin brought about a great revolution. The whole world has begun to open the curtain to Bitcoin and the developing blockchain technology. This situation grew so much that it caught the attention of BlackRock, who ruled the world.

BlackRock does not leave any investment to chance and does not attempt to harm its own image. BlackRock’sin previous investments. always seem to have a say . Such a powerful company has now targeted Bitcoin. Although it carries a bullish signal for Bitcoin, this may put the perception of decentralization at risk in the future.

The Bitcoin network may differ according to the majority of miners. For example Ordinals texts was implemented with the approval of the majority miners. falling on the agenda BlackRockWe can say that the claims are inspired by this. BlackRock, got hold of bitcoin your network It may be that he wants to run it himself. However bitcoinagainst such a centralized power. Doesn’t seem like he’s going to give in.

With a possible Bitcoin fork, it will appear BlackRock bitcoin It doesn’t seem like it will get much support from the community. because before bitcoin cashAnd bitcoin SV appeared similarly. However, these digital assets did not even attempt to dethrone Bitcoin.

For this reason, BlackRock will want to manage Bitcoin with its community rather than seizing it. With the investments it will make here, the investment company will move institutions to Bitcoin and attract the attention of the community. With his moderate approach, BlackRock could become a figure like Elon Musk in Bitcoin.

If forking occurs and Bitcoin BlackRock In this case, it can be said that the concept of decentralization will be lost and global discussions will intensify. Because Bitcoin attracts attention with its different structure from other stock market shares with fiat currencies.

BlackRock‘of ETFmy name is of course not yet confirmed, but bitcoin Looks like a big decision awaits us in . Nevertheless, it is useful to remind the following words of Nakamoto;

Hopefully, citizens will one day realize that it is the centrally controlled nature of these systems that has condemned them. I think we are trying a decentralized and trust-based system for the first time.