BlackRock and US Banks Have a Change of Heart Seeing the Bitcoin Potential: How It Started vs How It’s Going!!
1 min read
Well, well, well, look who’s had a change of heart! BlackRock’s CEO, who once called Bitcoin the “index of money laundering” about six years ago, is now jumping on the crypto bandwagon by filing for a spot Bitcoin ETF. This is what he said 6 years ago about the Bitcoin.
Talk about a complete flip-flop! It’s hard not to question the sincerity here. Are they suddenly seeing the potential for profits and trying to ride the Bitcoin wave? It sure seems that way. And that too when SEC is attacking major exchanges like Binance and Coinbase, banks playing down the legitimacy of Bitcoin to dismiss it.
This kind of behavior just adds to the skepticism around traditional financial institutions and their understanding of the crypto world. Not just BlackRock, Fidelity Management, and other major US banks like Bank of America, Morgan Stanley, etc. are investing more and more in the market, getting ready for the next run and fooling retail in process.
submitted by /u/Ok-Hedgehog-7266
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