The HIDDEN TRUTH About Why BlackRock Wanted a Bitcoin ETF – Mark Goodwin Bitcoin Prediction

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Why We Shouldn’t Trust BlackRock with Whitney Webb & Mark Goodwin

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And then I think when we see the ETF Embrace uh by the SEC you know approving these 11 spot ETFs on January 11th including Black Rock and you know Fidelity and and Franklin Templeton and some of these really big asset managers I mean these are people that really did

Criminal activity uh you know in 2008 and took huge advantage of of these these mortgage uh obligations that exploded these debt obligations that exploded um and you know really hurt a lot of people the working classes a really really serious way and now these are the people embracing Bitcoin as if

It’s this kind of anti-state anti-government unseizable um asset and it’s like okay well I think we should pause and Mark Goodwin is a proud Bitcoin investor and the editor-in-chief of Bitcoin magazine the oldest source of information on bitcoin like every other Bitcoin investor Mark takes a lot of pride in positive developments impacting

Bitcoin and its growth in all corners of the world for many bitcoiners the approval of several spot Bitcoin coin ETFs by the US Securities and Exchange Commission in January is a huge positive for the leading cryptocurrency and the entire digital assets industry investors in this category have argued that these

New products will cause significant price gains Mark disagrees and chooses to approach the matter from a completely different perspective weighing both the pros and cons of large Wall Street players like Black Rock getting involved in Bitcoin though there are Pros to having the world’s largest asset manager on board especially after its CEO

Criticized Bitcoin for Years Mark believes the cons are far too great during a recent interview with Peter mccormmach of the what Bitcoin did podcast Mark gives deep insights about why black rock and Larry Frink are not as great for Bitcoin as many people think Mark takes a deep dive into the

Making of the asset management firm and how it swiftly Rose to power upon the tears and Agony of many investors homeowners and taxpayers during the great financial crisis therefore it goes without saying that the investig inative journalist does not trust Black Rock with Bitcoin an asset that was created

To check the excesses of the same industry Black Rock and Larry think represent we will now bring you clips from Mark’s interview with Peter as we do please take a little time to like this video subscribe to the channel and turn on post notifications for more

Videos like this you can also join the conversation by dropping your thoughts comments and observations in the comment section below everything you do helps with the YouTube algorithm and immens contributes to the Channel’s growth so Bitcoin magazine was doing a lot of ETF coverage um because it’s a really

Popular thing people are really interested in this and and it is of course a state change um you know as as to how the US regulatory system looks at Bitcoin and now we’re seeing these huge institutional players you know there was a lot to talk about um but I got really

Concerned really quickly at the way that people were just kind of not thinking at all adversarially about the ETF uh and and people like Larry think Black Rock coming into the Bitcoin space and being basically welcomed with a you know an orange carpet you know just come on in

Man like let’s go Larry come on Lawrence and um you know I thought uh you know people kind of needed to be reminded of you know exactly who this guy is and how he got his start and and what his plan is and you know and and and how quickly

These things change right like he was kind of an enemy of bitcoiners very recently talking about ESG and carbon credits and all this stuff and all of a sudden that’s just completely forgotten um and so you know really wanted to kind of just see the things that he had done

In the very recent past talk about how he kind of came up um you know in first Boston and and creating the first CMO and his his taking advantage of the 2008 crisis and all this up until the modern day and then of course literally in his discussions about the ETF you know

Saying these you know these quiet Parts out loud about how Bitcoin is a technology for asset stor storage and how it’s an asset not a currency um and how if we can tokenize an ETF of Bitcoin you know what else can we ETF and there

Was just a lot of things that he said right away that no one I really really thought caught um and so yeah we wanted to kind of make sure we we did a really nice retrospective of Lawrence uh and black rock um and and kind of point out

These things that you know he’s really clearly saying that this is their plan for kind of how they want to use Bitcoin I think it’s definitely a signpost that like okay Bitcoin is is officially being embraced by the US regulatory system the US Financial system um you know this is

Definitely uh you know maybe no longer is this really a counterculture or a sort of a a revolutionary counter Financial system when it’s being very embraced uh by the biggest players uh you know specifically right Black Rock JP Morgan Jan Street Capital these are the participants within the I shares

Ibit uh product um you know it’s uh I I think we should be concerned uh at least as as to where it could go and then I think when we see the ETF Embrace U by the SEC you know approving these 11 spot ETFs on January 11th including Black

Rock and you know Fidelity and and Franklin Templeton and some of these really big asset managers and then you look at who’s holding um and helping you know the authorized participants that are helping with these ETFs like JP Morgan Chase um I mean you’re seeing the biggest players in the the US Financial

System and the US dollar system which really is uh you know a private kind of public blurring you know it really is a private Capital creation system and these are the banks and these are the asset managers that really control the dollar system and here they are

Embracing Bitcoin in a huge way uh and not only that they’re bringing you know 200,000 Plus plus Bitcoin uh you know if you’re not counting gbtc which is already like you know almost half a half a million Bitcoin they’re bringing in 200,000 Bitcoin um you know back to

Being on short and and in within the border and within the regulatory arm of the United States um so all that to be said yes it is something I think in in in you know there’s a 3% you know celebration of like wow look how far

We’ve come this is crazy we really been uh embraced by the institutional system and then like 97% of like but we’ve been embraced by this system that’s really done a lot of damage right I mean these are people that really did criminal activity uh you know in 2008 and took

Huge advantage of of these these mortgage uh obligations that exploded these debt obligations that exploded um and you know really hurt a lot of people the working class in a really really serious way and now these are the people embracing Bitcoin as if it’s this kind of anti-state anti-government unseizable um

Asset and it’s like okay well I think we should pause and during the interview Mark gives a brief history of Larry Fink and how Black Rock became the multi-trillion Dollar Giant it is today before we listen to Mark’s insightful explanation here are a few insights from a Bloomberg article from 2018 the piece

Written about a decade after the great financial crisis is titled black Rock’s decade how the crash forged a $ 6.3 trillion giant the first paragraph reveals that black rock is one of the few firms that made remarkable gains amidst heavy losses incurred by investors home buyers insurers who made

Reckless bets and most importantly American taxpayers who shouldered billions of dollars in bank bailouts another section of the article reads Black Rock Incorporated the world’s largest money manager may never have grown as far and as fast as it did without the unprecedented changes brought brought about by the recession

The business now Towers over its competitors the article further reveals that black Rock’s Good Fortune was spurred by the rise of exchange traded and index funds and the government scramble to prevent future crashes was this a case of a firm taking advantage of a bad situation or is there much more

To the situation here are more clips from Mark Goodwin what I wanted to kind of bring up earlier with think specifically is that you know he’s been doing this this this uh you know basically this tokenization or papiz um this ETF kind of idea before any of those things existed I mean he

Was doing this 50 years ago uh when he first started at first Boston in 76 he was the first Freddy ma Bond Trader he was like kind of starting the mortgage Market uh it was a really really like tiny thing it was a very niche market in

In the mid 70s and then by the early 80s you know he was the first Trader um you know to put a computer on on the trading desk in in like 82 83 and he actually created the first CMO the collateralized mortgage obligation which is basically you know the first way to basically

Break up cash flow of mortgages and repackage them and sell them uh and using you know computers basically to actualize this uh um you know this mechanism so he was doing this you know basically 50 years ago 40 years ago depending on when you want to say he

Started um and and you know now he’s really grown into being this you know his kind of his baby uh other than basically creating this this this debt Market this mortgage Market um was was bringing computers into the uh onto the trading floor and basically creating um

You know this entire uh digitalized you know trading market and risk management and of course now there’s the huge Aladdin um Computing system that upholds you know I mean I think it’s like above $50 trillion of assets are basically uh you know using the Aladdin system um for

Risk management um and this is a system that they’ve been building for an exceptionally long time so you start to look at all these things that are happening now like digital IDs and tokenization and fractionalization and you know all these things that we’re sort of getting at in this piece and

That you’re beginning to see people talk about in a real way think was doing this um you know well before Black Rock even started uh and then of course with black rock you know they take advantage of this you know basically the market that he helped create when he created the

First CMO in 1983 uh you know then we have the CDO which is basically just a modernized version of that collateral debt obligations and that explodes you know in a huge way at the end of 07 and 08 and 09 and we actually see black rock

Enter uh you know they were really a a bond um and fund uh you know company and now they really they pivot entirely into being an ETF company um purchasing the ishares brand from Barclays um that actually happened because Barclays didn’t want to take a government bailout in 09 from the

UK and so BlackRock comes in Scoops it up for a few billion uh and then a year later you know there’s trillions of dollars in their ETFs and this ey shares brand now they’re the biggest ETF issuer in the world so they create think creates a market the market EXP and

Blows up in 07 and 08 and then he takes advantage of the explosion that happens um in that financial crisis to buy up basically the new inflows of of you know what the American Market really begins to trade which is which is of course ETFs which now are the dominant kind of

Vehicle for speculation so you know he he pop pul you know blows up the bubble pops the bubble takes advantage of the bubble popping buys up this ey shares brand that is actually the brand that is now running this Bitcoin ETF and all of that comes from uh you know things that

He basically started you know 50 years ago so this is this is a really long time coming of think uh you know bringing the computer onto the trading desk cutting up these cash flows and mortgages uh and now you know moving into the ETF space and he straight up

Says it you know like ETFs are going to basically be the future of everything we’re going to ETF everything um and we’re going to use bit coin uh to basically create some sort of data storage uh and have this Universal Ledger that we trade and settle uh all

Of these tokenized um you know trade funds on these ETFs so you know he’s been do working on this for an exceptionally long time and we’re seeing all the pieces kind of fall together um it’s it’s it’s really fascinating according to Mark and popular investigative journalist and writer

Whitney Webb every crypto investor and other advocates of a free financial system must be aware of Black Rock and Larry Fink’s true intentions Mark and Whitney believe black rock is working on creating a new Financial system that would lead to the fractionalization of not just existing assets and commodities

But the natural world reducing most living things to Wall Street Financial products under the complete control of a single entity in essence Black Rock wants to make everything into an ETF that would be completely under the control of thinkink and the rest of the 1centers Whitney and Mark also warn

About the rebranding of certain individuals like billionaire Elon Musk and Javier mle the president of Argentina they warn that these individuals are presenting themselves as one of the masses and masking their true intentions while being completely in bed with the rest of the global Elites what are your thoughts on Mark’s reveals

About Black Rock and Larry Frink please share your comments and observations in the comment section below also ensure you like this video subscribe to the Channel and turn on post notifications for more videos like this thanks for watching