We all knew it was coming, and it appears now is when we are hitting mass investment and adoption by the largest financial players. Microsoft has partnered with the likes of Goldman Sachs, Moodyβs, Deloitte and S&P Global to announce a new blockchain they call the Canton network. It is described somewhat vaguely as harnessing AI in conjunction with blockchain tech. Other firms involved are Deloitte and BNP Paribas, Deutsche Bourse Group and many others. Of course, Blackrock has filed for a Bitcoin ETF. Given their record of 575-1 approval rate for SEC ETF filings, itβs basically a done deal. Fidelity has also filed for a Bitcoin ETF, which could be approved as soon as Wednesday. This is while Grayscale and Winklevoss twins(owners of Gemini exchange) were denied. Of course, BlackRock, Vanguard, and Goldman Sachs are also major and significant shareholders in Coinbase particularly by institutions. And additionally for those outside the know, USDC(through the issuer Circle) is backed and managed by Blackrock and Goldman Sachs as well. Mastercard has filed three crypto-related patents, reaffirming their blockchain/crypto focus. And the IMF is back to scheming. They are slandering real decentralized crypto and pushing countries to develop local CBDC's which they plan to integrate into a global CBDC to amass power over nations around the world. They seem to be trying to market their global CBDC as a crypto Trojan Horse. Deutsche Bank have acquired a crypto custody license. Citadel, yes the same one involved in the Gamestop scandal, launch a whole exchange backed by Schwab and Fidelity. And suspiciously, all of this institutional investment into crypto comes after heavy crackdown and lawsuits by regulators. It is very coincidental that all of these institutions who have huge power and influence in traditional finance have sudden begun making moves just days after we see the heavy hand of regulators wipe away market profits, induce fear and panic selling piling on loses. So that all these institutions move in and swipe up super low prices. [link] [comments] |
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