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As Wall Street's influence over Bitcoin increases, concerns about the cryptocurrency's decentralized nature intensify. BlackRock's recent video highlighted Bitcoin's 21 million supply cap but included a disclaimer suggesting potential changes, raising fears of manipulation. While Bitcoin ETFs may enhance accessibility and attract institutional capital, they also pose risks of centralization, challenging the community to uphold Bitcoin's core principles amidst growing financialization.
BlackRock's recent video on Bitcoin has reignited the debate over its fixed supply cap of 21 million, stating there is "no guarantee" it won't change. While some argue that altering the supply would redefine Bitcoin, others believe a consensus among the community could lead to a hard fork, resulting in a new version of the cryptocurrency. However, many assert that such a change would fundamentally alter what Bitcoin represents, as its inflation cap is central to its identity.
Joel Valenzuela
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Wall Street's Influence on Bitcoin Raises Concerns Over Decentralization
02:31 20.12.2024
debate reignites over bitcoin's fixed supply cap after blackrock video
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02:44 19.12.2024
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