📢 Breaking, #BlackRock to tokenize everything?!
It wasn’t so long ago that BlackRock CEO Larry Fink was calling Bitcoin ‘an index of money laundering’, before realising just how much money he and his company could make from it. How things change.
But, when it comes to crypto, it’s not just spot ETFs that have BlackRock all hot under the collar. While issuing such an ETF has proved very profitable thus far, there is even more money to be made from the tokenisation of other, more traditional assets - that is, every asset you can think of and probably plenty you can’t as well.
In a recent piece for Bitcoin Magazine, investigative journalists Whitney Webb and Mark Goodwin lifted the lid on BlackRock’s tokenisation plans and - surprise, surprise - they’re pretty darn sinister. As we’ve seen with stablecoins like USDT and USDC, just because an asset is on a blockchain doesn’t mean it’s beyond the reach of those who might try to control what the ‘owner’ of said asset can or can’t do with it.
In today’s video, we break down Whitney and Mark’s article and look at how, even though BlackRock has helped pump all our bags this year, we should think twice before welcoming it and other titans of Wall Street into the crypto fold. They could well turn out to be wolves in sheeps’ clothing.
