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21 sats \ 0 replies \ @siggy47 28 Sep 2023 \ parent \ on: ETF pressure bitcoin
I wasn't trying to compare the financial clout of ES versus BlackRock. The reason I mentioned it was to compare the emotional impact of the news items. I'm really thinking out loud, and I hope my negativity is unfounded. That being said, BlackRock's power scares me. They could play with BTC price- driving it up and down. Down to scare holders into selling, or drive it up to get lambo boys to cash out. They can suppress the price to aid their fiat investments or to curry government favors. They can completely control the hash rate.
Again, I hope everything I say is wrong.
In any event,we should all buy every sat we can afford right now to give them less to play with.