Demystifying Rumors: BlackRock’s Bitcoin Plans and the Crypto Conspiracy Theories

Every significant event in the crypto world tends to spawn various conspiracy theories and distortions. The case of BlackRock is no different. Popular social media accounts have made claims, stretched by contrived comments, that don’t appear to reflect the truth. Today, we will focus on two misconceptions gaining attention. BlackRock Will Fork the Bitcoin Network What is the basis of this claim? Numerous accounts on Twitter today have stated that the world’s largest asset management firm will fork the network after the ETF goes live. Countless accounts suggest that Bitcoin (BTC), the largest cryptocurrency with a market value of $510 billion, will become a toy in the hands of this $10 trillion giant. The fork declarations in the application documents denote potential risk, which is mentioned in every Bitcoin ETF application (in the risk section). The basis for the first claim? Experts interpreting the word “fork” from the application file […] The post Demystifying Rumors: BlackRock’s Bitcoin Plans and the Crypto Conspiracy Theories appeared first on COINTURK NEWS.