Beware Of SomeoneTrying to Steal Your Crypto
Just Watch What They Do Instead of Their Words
Many people do not know how the crypto world truly works. They think that businesses and governments care about regular people and wish for them to do well. They are incorrect. They want things to stay the same. This means that normal people have to keep working hard to pay for everything they need, while rich people keep getting more money. The system for making money is unfair, and that’s why it can be difficult to make progress even when you work hard.
Cryptocurrency was something that lots of people thought would help make things fair for everyone. Normal people got into the big market before the big players did, maybe for the first time. Giving them the advantage of going first. In the past, governments have often restricted us with rules and limitations. They say they want to keep us safe because they think we might not know how to handle dangerous situations. But as I said earlier, it’s to keep things the way they are. You may have heard of the term “accredited investor”.
At the beginning of Bitcoin, many big companies didn’t think it was good. Big financial institutions like JP Morgan and BlackRock said it’s a bad deal and you might lose your money. Some even called it a fake or a way to move illegal money around. It’s like gambling at a casino, but with worse odds.
These strong groups have their own way of doing things. They want to achieve two things. To get as much Bitcoin as possible while spending the least amount of money. Some people want things to stay the same and keep their control. Most people are just trying to save as much as they can until they’re ready to tell others what they want to do. They will start telling regular people to invest in Bitcoin only when they are really happy with how much Bitcoin they already have.
BlackRock applied for a Bitcoin investment fund last week. BlackRock has said that they like Bitcoin and are now involved in it. This means they probably already bought all the Bitcoin they wanted.
Let’s pretend that BlackRock isn’t trying to take your Bitcoin and become the most important company in this field. Their goal may be very different.
During the past year, the SEC and Biden’s White House have been against the cryptocurrency market. They are blaming it for all the problems in the economy. They made it very hard for cryptocurrency companies to keep doing business, so these companies either went broke, closed down, or left the country. The problem is very serious and could make the US lose in the competition for cryptocurrencies forever.
Let’s imagine that BlackRock is not attempting to take away your Bitcoin and become the most significant firm in this industry. Their aim could be dissimilar.
In the past year, the government did not like the cryptocurrency market. They are saying it is responsible for all the problems in the economy. It was difficult for cryptocurrency companies to continue working because of tough regulations and rules. As a result, these companies either went bankrupt, shut down or moved to another country. This is a big problem that might mean the US can never do well in the competition for cryptocurrencies.
