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"Expect BlackRock to turn around and shill this to banks, and in particular\xa0big\xa0banks, such that JPMorgan, for example, can itself turn around and offer \u201cBitcoin\u201d to its own clients. Of course, it will be an IOU to the BlackRock Stack O\u2019Sats\u2122 that you can transfer to your friend\u2019s Bank Of America Bitcoin IOU account at your leisure. In other words, in short order, the entirety of the Blue Banks\u2019 asset base becomes a funnel into the matrix of the pseudo-Bitcoin narrative attack vector... on the back of all the previous points, expect BlackRock and Coinbase to dominate flows and hence effectively control pricing." \u2014 Allen Farrington\n\nToday we dive into the BlackRock "ETF", what it actually is, what it isn't, and what it means for Bitcoin. It isn't all NgU and sunshine and rainbows. \n\nCheck out the article and Allen's other writing at the link: https://allenfarrington.medium.com/trust-me-bro-fb5a25964634\nAllen's Nostr Pubkey: npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt\nGuy's Nostr Pubkey:\xa0npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev\n\n\u2022 Code BITCOINAUDIBLE gets 9% off the ColdCard! https://bitcoinaudible.com/coldcard\u2060\u2060\u2060\u2060\u2060\u2060\u2060\u2060\n\u2022 100,000 FREE SATS until the end of June for signing up and simply trying -- no subscription, no obligation -- just trying the Fold debit card. Check it out at\xa0\u2060\u2060\u2060\u2060\u2060\u2060\u2060https://bitcoinaudible.com/fold\u2060\u2060\u2060\u2060\u2060\u2060\u2060\n\u2022\xa0\u2060\u2060\u2060\u2060\u2060\u2060\u2060https://swanbitcoin.com/guy\u2060\u2060\u2060\u2060\u2060\u2060\u2060\n\n-------------------------------\n\u201cOnce wide coercive powers are given to government agencies\u2026such powers cannot be effectively controlled.\u201d \u2014\xa0F.A. Hayek\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message