An X (formerly Twitter) user claimed that the world’s top fund manager, BlackRock, is trying to fork the Bitcoin network & ultimately control the network.
BlackRock is the world’s top fund manager. In 2023, BlackRock CEO Larry Fink showed his interest in Bitcoin & filed for Bitcoin spot ETF product ($IBIT) and finally secured regulatory approval from the United States Securities and Exchange Commission (SEC) body, along with dozens of other similar applications. Currently, BlackRock is managing nearly $54 billion in net assets for its Bitcoin spot ETF ($IBIT).
On 5 Jan 2024, A crypto X user claimed that BlackRock wants to control Bitcoin blockchain network via a fork of the network. According to this user, BlackRock will shift Bitcoin to the desired forked network.
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— Skynet Insights (@NeuralSet) January 5, 2025
This user provided a screenshot of BlackRock’s filing with the SEC body and tried to back his theory, but many people ignored this information.
Another Crypto X user said that the thread on this topic was only created to get engagement in the Crypto community & BlackRock’s statement regarding the Bitcoin fork concept was considered negative.
Some true Bitcoin believers said that BlackRock will never do this, and if they will, then no one will buy their forked coin.
Some people tried connecting this rumour with a past statement passed by BlackRock through a video clip in which they said “There is no guarantee that the supply cap of 21 million Bitcoins will not change.”
This video was also shared by Michael Saylor, chairman of the Nasdaq-listed business intelligence firm Microstrategy, which holds multi-billion dollars in Bitcoin.
Bitcoin price action
The current trade price of Bitcoin is $98,950 & this price level is 5.5% high over the last 7 days period.
Read also: Trump announces “a new powerful bill” to make America great again! Is there Bitcoin?
BlackRock is trying to fork Bitcoin ($BTC): Rumours
https://bitcoinik.com/blackrock-is-trying-to-fork-bitcoin-btc-rumours/feed/
https://bitcoinik.com/blackrock-is-trying-to-fork-bitcoin-btc-rumours/feed/
