đ˘ Breaking, #BlackRock to tokenize everything?!
It wasnât so long ago that BlackRock CEO Larry Fink was calling Bitcoin âan index of money launderingâ, before realising just how much money he and his company could make from it. How things change.
But, when it comes to crypto, itâs 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 canât as well.
In a recent piece for Bitcoin Magazine, investigative journalists Whitney Webb and Mark Goodwin lifted the lid on BlackRockâs tokenisation plans and - surprise, surprise - theyâre pretty darn sinister. As weâve seen with stablecoins like USDT and USDC, just because an asset is on a blockchain doesnât mean itâs beyond the reach of those who might try to control what the âownerâ of said asset can or canât do with it.
In todayâs video, we break down Whitney and Markâs 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 sheepsâ clothing.