BlackRock CEO Larry Fink said in 2017, “you have to force behaviors, which is exactly what we are doing at BlackRock”. Feel free to view the entire clip here: https://www.youtube.com/watch?v=KwwN5kwjAtQ
BlackRock is the largest asset manager in the world with about 9 Trillion of assets under management. They clearly wield enormous power and use it to great effect. They of course have filed for a spot Bitcoin ETF and are planning on making a big entry into crypto. Given their 575-1 ETF approval rate, it seems a done deal that their ETF will be approved.
If you know anything about BlackRock you'd know them using their money, power and influence to gain even more money power and influence off the suffering of regular people is nothing new. Actually, that clip of the interview came from an ESG CEI meeting, and most of us should know the ESG is just an excuse for giant cooperation and financial behemoths in BlackRock to control investment and flows of money by other companies, governments and regular people into whatever they want by means of a ESG scored that is decided by them.
And it is a company like this that is entering crypto and quite likely will end up being the first approved spot Bitcoin ETF, gaining first movers advantage and raking in money of big institutional investors hungry for simple crypto exposure. They will likely expand to other ETFs like Ethereum and others and there is honestly a decently high change that we end up facing the same nonsense in crypto because some of some excuse like Bitcoin mining is bad for the environment so they lower the ESG score and reduce Bitcoin investment. And they probably try to force some cryptocurrency they or some other big corporation has create, or even a CBDC as a Trojan Horse like the IMF is pushing.