Who Really Controls Bitcoin? BlackRock, Tether & the Battle for BTC

"more importantly their share of Bitcoin's total hash rate has been rising and this trend is likely to continue"

"And this means that more and more of Bitcoin's hash rate is likely to come from publicly traded Bitcoin miners in the coming years"

"in a few years time ESG could come back with a vengeance and this would be very bad news for Bitcoin"

"the threat of a quantum computing attack means a Bitcoin fork is essentially guaranteed at some point and this means that in the not tooistant future Black Rockck will have the power to influence which Bitcoin is the real Bitcoin"

"most holders will reject this version that Black Rockck supports if it goes against Bitcoin's ethos but it's evident that most Bitcoin holders care more about profits than true financial freedom they would likely embrace the version supported by asset managers and sell the other and this would result in the unsupported fork of Bitcoin going the way of other forks slowly fading in value and relevancy"

"the good news is that Bitcoin's price would likely perform well because of all this coordination"

"bitcoin will remain mostly unchanged and BTC will likely benefit and that's because you'll have at least two powerful factions looking to influence Bitcoin by expanding its mining capacity improving its development and buying more and more of it in case it wasn't obvious enough these dynamics will be beneficial both for Bitcoin the network and BTC the asset and I'll reiterate that we'll see more powerful factions getting involved as Bitcoin and BTC continue to grow and this will only accelerate this dynamic making Bitcoin better and better and pushing BTC's price higher and higher"

"if one of the custodians holding the BTC back in Black Rockck's ETF shares was to be hacked this would result in a mass exodus out of these ETFs and this would practically result in the pro- crypto camp winning the tugofwar as it would result in more BTC holders keeping their SATs in self-custody on the flip side though a loss of confidence in ETFs and the like could limit the ability of large pools of capital to allocate to BTC creating a headwind for its price"

"if interest rates were to go back to zero then Tether's eyepopping profits could fall to zero as well it goes without saying that zero interest rates would be rocket fuel for Bitcoin's price but it could simultaneously restrict Tether's ability to exert influence over Bitcoin giving Black Rockck the higher ground"

"if one side gets a sense that the other side is winning then they could resort to drastic measures that damage the Bitcoin network and tank BTC's price a quantum computer attack would be one way to do it"