Why did the Chinese government crack down on digital currencies before and now allow Hong Kong to open a Bitcoin ETF review?
The reason is simple, because there is BlackRock. Many brothers don’t know about BlackRock. BlackRock manages nearly 10 trillion US dollars in assets. It is the big brother among the three giants on Wall Street and is truly rich enough to rival a country. After the outbreak of the financial crisis in 2008, the US economy was on the verge of collapse. The Aladdin risk management system developed by the company helped the United States survive the financial crisis. Since then, BlackRock’s asset management capabilities have been recognized by the entire Wall Street.
In addition, 93% of the US retirement fund plans are also managed by BlackRock. With the foundation of the Aladdin system, BlackRock later not only developed the background of the Federal Reserve, but also developed a super risk control system that can monitor 10% of the world’s financial assets. The top ten insurance companies in the world, Japan’s official pension fund, and technology giants such as Apple, Microsoft and Google all rely on this system for financial management.
At present, BlackRock is also an overseas entrusted institution of our social security fund. To put it bluntly, the social security fund obtains returns through BlackRock’s overseas investment management.
Goldman Sachs is a training class for the U.S. Treasury Secretary, because all the former U.S. Treasury Secretaries have basically been trained at Goldman Sachs. BlackRock not only has dozens of former employees sitting in the U.S. Treasury Department, but also turned the former half of the Chief of Staff, Assistant Secretary of State, Federal Reserve executives, and CIA analysts into its own employees for its own use!
To put it bluntly, BlackRock is the Fed's white glove. Such a giant asset management company applies for Bitcoin ETFs, the purpose is to fancy this piece of cake. He either doesn't do it, or he is the first to prepare to be the banker himself, and our country can't lag behind. He must copy the cat and add his own rules, and he must also have a place in this market and have a voice and decision-making power!
Hong Kong is a window to the world. First do a pilot, and if it goes well, vigorously promote it. If it doesn't go well, cancel the test. There is no loss to everyone. The first and second largest countries have passed the Bitcoin ETF review. Next, more countries will follow suit to take over for everyone, so don't panic. Every decline is an opportunity for everyone to get on the bus. If you are afraid, you will lose!#BTC🔥🔥🔥🔥🔥🔥