So what does the future hold with all of these proceedings going on? It’s starting to seem to me that blackrock is going to try and take control of the market by trying to push other companies away (remember they are essentially an arm of the government at this point), think binance, while wrecking havoc on the altcoin market to further drive Coinbase stock price down. They may try and take majority ownership or get some cushy deal if the exchanges get broken apart. It seems like there is a partnership in place for a while we are starting to see some action.
I wouldn’t be surprised if in the future Coinbase becomes a custodian only and some other wall street buddies get the license to do the broker dealer type stuff. Blackrock will already be using them for the BTC trust. I know everyone’s calling it an ETF but it’s really going to be a trust structured more like an ETF. Seems like Gensler and the current administration want to break up the whole idea of crypto exchanges being the custodians, market makers, and broker dealers.
Anyone have any predictions about what’s going to come next? Share even your craziest ideas.
submitted by /u/Spaceseeds
[link] [comments]