CandleFocus BlackRock Has a New Bitcoin Video Ad—And Bitcoiners Hate It
2024-12-20
Author: Content Editor
BlackRock, the world's largest asset manager, has faced criticism from the crypto community after a video on its website raised concerns about the fixed supply of Bitcoin. The video explains Bitcoin's 21 million token limit but includes a disclaimer that the cap could be changed in the future. This disclaimer has alarmed some Bitcoin maximalists who consider the fixed supply to be a crucial aspect of the cryptocurrency. Critics argue that BlackRock and other traditional financial institutions should commit to running their own full nodes and ensuring the maintenance of a fixed supply of 21 million Bitcoin. These concerns have been amplified by BlackRock's previous disclaimer in a 2023 ETF filing. However, the likelihood of a hard fork changing Bitcoin's supply mechanics is viewed as highly unlikely by most in the crypto community. Despite this, the issue has sparked discussions within the Bitcoin community and raised questions about BlackRock's intentions.
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