The post Deaton Calls Out BlackRock’s Bitcoin Buy: Profit Play or Power Move? appeared first on Coinpedia Fintech News
Author Jason Williams’ tweet claimed that BlackRock is buying bitcoin and preparing to launch a bitcoin ETF, sparking speculation.
Cryptocurrency industry insiders are questioning the motivations behind financial giant BlackRock’s reported bitcoin purchases and plans for a bitcoin exchange-traded fund (ETF).
The speculation stems from a tweet by author Jason Williams claiming that BlackRock is actively buying Bitcoin while also preparing to launch a Bitcoin ETF. Crypto lawyer John Deaton replied, theorizing that BlackRock insiders could personally profit from Bitcoin’s price fluctuations around an ETF approval.
If true, there’s a simple business model at play. Insiders at BlackRock buy now. ETF is approved within the next 5 months. BlackRock’s ETF sales force comes out aggressive and pushes customers to buy, while, at the same time, warning that #BTC could
We współpracy z: https://coinpedia.org/news/deaton-calls-out-blackrocks-bitcoin-buy-profit-play-or-power-move/
