BlackRock ETF May Kill Bitcoin, Arthur Hayes Shares Bone-Chilling Warning
u.today/blackrock-etf-may-kill-bitcoin-arthur-hayes-shares-bone-chilling-warning
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asset managers like BlackRock are effectively "agents of the state" that act in compliance with state directives.
He suggests that these entities may prefer holding Bitcoin in ETFs as it aligns with the state's interests, particularly in terms of taxation through inflation and servicing mounting debts.
he argues, could result in a situation where Bitcoin becomes stagnant and unutilized, posing a potential risk to its true nature.
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