Sources say BlackRock, the world’s LARGEST asset manager, is preparing to offer cryptocurrency trading services to investor clients. They manage over $10 trillion in assets via public pension schemes, family funds, endowments, and sovereign wealth funds. BlackRock also owns 16.3% of MicroStrategy.
While this type of adoption allows giant whales to borrow from BlackRock pledging crypto assets as collateral, similar to how Wall Street banks and large financial institutions like Goldman Sachs, Morgan Stanley, and Citi are creeping into cryptocurrencies, best believe these legacy financial institutions do not have our best DeFi interests at heart.
They are forcing other sea creature from us small shrimp to large fish and sharks to compete with their crypto allocations. They know what will make them money and it’s make us believe we need their services. Tldr; You don’t want these giant centralized powers controlling your cryptocurrency.
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