very interesting point of view 👉 #fiatization of off-chain bitcoin
"Do you think it's a coincidence that BlackRock forced through a Bitcoin ETF and a ton of US politicians suddenly became Bitcoin friendly in the midst of a bursting global sovereign debt bubble and massive foreign buying of gold?
I'll go first: No I do not."
The power of fiat $11.5T under management when Blackrock wants an exception to the SAB121 rule and gets Bank of NY as their banker over the weekend.
Trump’s Treasury pick Scott Bessent disclosed owning up to $500,000 worth of #Bitcoin ETF.