Bitcoin ETF is not your fren

Don’t be silly!

Do you think BTC, ETH, Solana ETF are beneficial to the ecosystem? You’re wrong! They are just Trojan horses that can make things that were originally uncontrollable become controllable. Here’s what you need to know.

When I saw everyone cheering for the approval of BTC, ETH, and other ETFs, I felt despair.

Have you ever thought it strange that big institutions suddenly take an interest in cryptocurrency? Don’t be a lamb waiting to be slaughtered, you definitely need to understand what’s happening.

In the past, BlackRock was a major critic of BTC.

Larry Fink said, “BTC simply shows you the world’s long demand for Money Laundering. That’s all.” And suddenly, they magically realized it was a revolutionary technology and released a Spot ETF!

Don’t you think it’s strange?

But as you can see, BlackRock is not only interested in Bitcoin, but also in many ecosystem projects. They have a global tokenization public plan, which means they hope to tokenize all assets in the world (such as real estate, energy, agriculture, etc.).

You might say, so what? This is good for us! But in fact, it is not the case…

Let’s start with BTC! Everyone knows that BTC is an insurmountable barrier. BlackRock understands that the only way to disrupt BTC is to attack it from within.

ETF will turn BTC into a speculative product or a means of store of value! This deviates from Satoshi Nakamoto’s original practicality, which is a peer-to-peer payment system.

For those who think it’s impossible because of high Money Laundering or long verification times, BTC has an L2 solution to solve this problem! Lighting Network is a good example.

The lack of Liquidity in BTC may prevent BTC from being used in L2, thus giving it more long utility and more long freedom. Fortunately, for the time being, a large number of BTC are held by individuals, but over time, this share will inevitably decrease.

As you can see, ETFs account for 4% of the total BTC volume, which may seem low, but please note that this is only accumulated over the course of a few months. In addition, 4% is what is needed to make the Lighting Network a Payment Network comparable to Visa and MasterCard.

ETF makes BTC more manipulable.

Do you know that there is a clause allowing BTC ETF to be liquidated at any time? All ETFs have the same clause. For any restrictions (such as regulation), all BTC can be liquidated, and ETF holders can be repaid in dollars. Imagine the potential for large-scale liquidation.

But this is not the only way to manipulate prices. BlackRock has chosen JPMorgan as one of its SpotBTC ETF counterparts. In terms of assets, it is the largest bank in the United States, but it is not without financial scandals.

On December 6, 2023, Jamie Dimon, CEO of JPMorgan Chase, said that if he were the government, he would ‘shut down’ BTC and Cryptocurrency. 20 days later, they were named as the counterparty of the BTC ETF by BlackRock.

Can you see more clearly now?

Anti-bitcoin but not anti-blockchain. Last October, they launched a private blockchain called tokenizationCollateral Network (TCN), which allows assets to be used as collateral. Guess who participated in one of the largest transactions on this network?

Of course it’s BlackRock!

In addition, JPMorgan Chase was accused of manipulating the price of gold ETFs and they have to pay a fine of over 1 billion dollars. They manipulated the price of gold, do you really think they won’t manipulate the BTC price?

The long-term goal is to create a system where everything, including forests, trees, rivers, etc., will be tokenized and controlled by financial elites. I’m talking about everything that follows the public plan set for 2030 in the United Nations’ Sustainable Development Goals.

These are the 17 goals set by the United Nations, including:

• Use integrated Wallet for digitization development

• Develop Health Card

• Creation of Digital Money

• Smart city design (15-minute city)

• Development of Blockchain Technology

BlackRock shares a common vision with the United Nations and seems to be moving in that direction. The first question you should ask yourself is, what is my goal?

To me, this is the freedom and independence of the payment system, as well as the freedom and independence of technology. The blockchain introduced with BTC allows all of this.

But BlackRock, governments, etc. have opposite goals.

Do they want your freedom? Your independence? Of course not!

In this case, don’t make things easy, keep your BTC and be more cautious about their announced future products.