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Possibility of Blackrock crashing BTC before launching its ETF

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by COINS NEWS 84 Views

Is Blackrock really trying to crash Bitcoin right now?

Note: Take this with a pinch of salt. I know it's kind of a conspiracy theory. But with all things happening (with BTC, SEC, Garry Gensler, Prometheum exchange getting license, Grayscale ETF delay, and upcoming Blackrock ETF decisions) we should discuss and think logically.

It's fun to think about the idea that Blackrock is trying to crash Bitcoin before their ETF goes live, and it also makes sense.

Consider this: Their goal is to get the biggest share of the market and the most assets under management (AUM).

If they use the BTC ETF at the lowest price possible, their clients get better entries, make more money, and put more money into their accounts.

Blackrock does a lot to help its clients win big. If they put the ETF on the market after a big pump, their customers might get dumped on or, worse, pull out of the market.

I don't know if it's happening or not, but it makes sense. With all its history with the global financial market, don't you think they are behind this BTC crash (or more crash to come)?

submitted by /u/pythonskynet
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