It's interesting to look at the year so far and think about:
The destruction of the Big Banks providing onramps and offramps to crypto
The SEC lawsuits of Binance, Kraken, Coinbase and multiple token projects pushing them out of the US
The slow accumulation of Bitcoin by Microstrategies, Greyscale, Blackrock and now the Blackrock applying for a Bitcoin ETF
The potential open door a Blackrock Bitcoin ETF wold create for trillions of dollars of US worker retirement accounts to invest in Bitcoin.
One thing to think about is that if you have to get Bitcoin through traditional financial tools, it means that TradFi and the Government control your Bitcoin in your 401k, IRA retirement accounts
So a conspiracy theprist might feel like this is all orchestrated to make it difficult to hold Bitcoin independently
Blackrock has applied for 575 different ETFs...a massive number, and the SEC has rejected only one. So Blackrock is 574/575 an amazing batting average or successful ETF application success rate.
It suggests a Bitcoin ETF will soon become a reality.
Fidelity assets a nother trillion dollar American Asset holder, already has a Bitcoin Custody Division, and is rumored to be about to make a huge entry into cryotocurrency by buying Greyscale Bitcoin Trust. The single largest holder of Bitcoin.
These actions will result in centralization of control over very significant amounts of Bitcoin by TRADFI or traditional finance.
It's a good time to keep track of the news, movers and shakers.
