#23 Untangling: Blackrock's Bitcoin ETF

In this episode, the focus is on BlackRock's anticipated Bitcoin ETF. Unlike other ETFs, BlackRock aims to own actual bitcoins. The hosts explain the benefits of an ETF, emphasizing its regulation and accessibility for both everyday and institutional investors. With BlackRock's entry, there's speculation about a possible surge in Bitcoin prices.

BlackRock's crypto venture might net around $14 billion in its inaugural year. Their alliance with Nasdaq aims for market transparency, and insiders hint at an imminent SEC approval. The firm's partnership with Coinbase showcases a blend of traditional finance with crypto. However, there are concerns. The crypto community is wary of technological progress being overshadowed by speculation and wealth concentration. An interesting note is BlackRock's potential influence in deciding the 'real' Bitcoin in case of a network split.

The episode wraps up by questioning whether Bitcoin might become the new gold standard, what all of this could mean for the future of the web3 space and teases more web3 discussions.

Untangling Web3 is brought to you by hosts Jack Davies and Alec Burns, with music by Daniel Paigge. Got a question or topic suggestion? Send us an email at [email protected].

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The views we express here are our own, and do not represent the views of our employers. Nothing discussed or stated in the show is to be take as financial advice.