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7 Comments
“Noelle Acheson, crypto expert and author of the “Crypto is Macro Now” newsletter, believes that the blockchain ecosystem growth will continue whether or not large institutions are involved. That’s because “BlackRock and Fidelity don’t control the development of decentralized services; rather, they complement it,” she told Quartz in an email.”
# Will they spoil the party? – Hope Not, What do you think?
tldr; BlackRock and other financial giants like Fidelity are entering the decentralized crypto industry, raising concerns about undermining the idea of decentralizing finance. BlackRock’s iShares group launched the iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF, and plans to launch an Ether ETF. While some fear that large institutions could centralize control over crypto, experts argue that these companies complement the development of decentralized services. The involvement of traditional finance is seen as necessary for the growth of the cryptocurrency and blockchain ecosystems, but concerns remain about the centralization of ownership and its impact on trust in decentralization.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
nah, they will become my exit liquidity.
Not a fan of this big boys jumping into crypto to make it more centralized but well, my goal is buying a flat and my life is short so f**k it. Become my exit liquidity and buy me a flat without a mortgage!
Actually, I feel this is the story of more the merrier. With we being here a lot earlier, we are only set to gain.
With the money to short any competing decentralised service to death, it’s definitely a worry.
Crypto’s permissionless and inclusive blabla.. they can come.