Embracing the Crypto Revolution

Embracing the Crypto Revolution: BlackRock's Entry Signals a Promising Future

The moment of opportunity in the crypto industry is rapidly approaching, despite the cynics and haters parading around claiming victory against a supposedly purposeless asset class. In reality, those who hold the power to shape the fate of nations and businesses are eagerly preparing to make their move. Brace yourself for a mind-blowing revelation: BlackRock, the influential financial institution in the United States and potentially the world, is not only excited about the future of crypto but is planning a massive entry into the space.

A source close to BlackRock claims that the institution is on the verge of filing for a Bitcoin Exchange-Traded Fund (ETF) application. This is not akin to previous attempts by other entities such as VanEck or Grayscale. BlackRock's move holds unique significance, as they are the most powerful U.S. investment bank, closely aligned with regulators and intimately connected to national and international economies. Their reach even extends to being contracted to rebuild Ukraine before its destruction—an indication of the deep government connections BlackRock possesses.

The imminent entrance of BlackRock into the Bitcoin arena holds great importance. As Operation Choke Point 2.0 restricts banks from interacting with crypto exchanges and the SEC takes legal action against major players like Gemini, Coinbase, Binance US, and Kraken, the local competition is being decapitated. With the exclusion of Silvergate and Signature Bank, crypto infrastructure is being dismantled. While deadlines for approving other crypto-friendly banks pass without action, the news of BlackRock filing for an ETF is reminiscent of George Soros's fund manager's statement that traditional finance is ready to take over crypto. This is how cycles play out—technology cannot be killed; it will be adopted and built upon by other nations.

The objective here is control, not the destruction of the crypto industry. The aim is to ensure that the industry bends to the will of traditional finance. To achieve this, those in power within the current crypto industry must be overthrown. Brian Armstrong, CZ, heads of exchanges, and the issuers of major stablecoins are the easy targets. The goal is to exert control, not eliminate the industry.

While the crypto market experiences red candles and doubts resurface, it is crucial to remember that hindsight is a powerful teacher. Many would go back to 2019, accumulating coins they still believed in. Countless threads critique the industry, its leaders, and broken promises. However, it is important to recognize that when prices rise, people see revolution, and when prices fall, people see scams. We find ourselves in the latter phase.

Personally, I maintain faith in the industry's future and view the short-term opportunists exiting as an incredible opportunity. This venture is high risk, and the future remains unpredictable. Anyone participating at this time must take full responsibility for their actions. Nevertheless, cryptocurrencies like Bitcoin and Ethereum are here to stay, and I believe there will be altcoins that revolutionize the internet. Gaming and emerging narratives in DeFi, such as liquid staking derivatives, have captured my interest. Exploring these narratives will showcase why they are exciting in a general, informational sense.

While the market may experience a plunge into the lower twenty thousands, followed by a subsequent Bitcoin pump, it would mark another lower high in the macro uptrend that began around the time of the FTX collapse. I eagerly anticipate potential capitulation and true opportunities arising amidst the turmoil. When people give up, new opportunities emerge. Undeterred and focused on the future, I am excited to witness the transformative potential of crypto for the masses.

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