Is BlackRock Attempting to STEAL Satoshi’s Bitcoin? | Bitcoin Simply

**Dante Cook** (0:00)
The sentiment on the street right now is that Bitcoin is dead. But is everyone missing something? Because the biggest asset manager in the world is no longer asking whether Bitcoin is too risky to own. They're saying something completely different. The real risk is in not owning Bitcoin.

**SPEAKER_2** (0:15)
I think the conversation shifts from, is this too risky for us, to actually, is it risky not to hold any?

**Dante Cook** (0:21)
But here's where this Bitcoin Wall Street narrative takes a dark turn, because just a few days after this clip, BlackRock, Strategy, Fidelity, Coinbase, and some of the largest companies in Bitcoin, announced a new consortium to fund Bitcoin developers, and to prepare for new threats in the future. So let me ask the obvious question, are these institutions here to protect Bitcoin, or are they slowly just positioning themselves to influence it? This is the biggest development happening in Bitcoin this week. Are BlackRock, Strategy, and Coinbase trying to use their power, money, and influence to protect Bitcoin and make it more secure? Or is there something deeper going on behind the scenes? I'm also going to give you a tip. If you're worried about the big corporations or the US government stealing your Bitcoin, well, we're going to show you an easy fix so you can avoid your coins being stolen by the man. This is Dr. Cook with Bitcoin Simply.
Let's go.
Before we get into the serious stuff, y'all know that I'm a Philadelphia sports fan. Eagles, Phillies, and the 76ers. What does this have to do with Bitcoin? As you all know, the king LeBron James just signed with the Philadelphia 76ers. For two years, $8 million, $4 million a year. That's less than some kids are getting paid for NIL these days, which is insane. But the most important thing about the news that Shams or Adam Schefter or Woj didn't announce is that LeBron has a great correlation with massive Bitcoin returns. When he went down to South Beach in 2010, you can see Bitcoin took off 2011, 2012, 2013, 2014
When he came back to Cleveland and he upset the greatest team in history in the Golden State Warriors, yeah, during that time frame, Bitcoin exploded. When he went to the Lakers, yeah, it's been pretty good. So what's about to happen these days?
LeBron is basically on the Mount Rushmore of Bitcoin. Satoshi, Howe Finney, Sailor, LeBron. The chart doesn't lie. And if you want to be even more bullish, let's get to some real numbers, like a billion dollars flowing into Bitcoin ETFs over the past week. Up until Thursday, there were seven consecutive sessions of net inflows. ETF flows are bullish. BlackRock publicly promoting Bitcoin is bullish. Institutions getting off zero is bullish. Bitcoin treasury companies continuing to stack more. Bitcoin is bullish. Digital credit being adopted as a form of investment currency for people that want dividends in an investment portfolio that aren't held in junk bonds, that is bullish. But here's where the narrative turns dark, because Wall Street has seen how Bitcoin has padded their pockets. And if you've experienced a hit of that juice, well, do you want it to stop? And how can you continue to maintain those profits while you start to influence Bitcoin from the inside out? In this week, there were nine major financial companies to fund and join this Bitcoin consortium. BlackRock, Fidelity, Coinbase, Strategy, ARK, Block, Blockstream and Galaxy and Anchorage Digital. Together, they pledged $15 million, which doesn't seem like a whole lot, to fund Bitcoin developers and other projects. The consortium says it will not function as they govern its body, or that it won't take direct positions on Bitcoin development or propose any changes. Each organization is going to independently choose their own developers and which projects and things they want to support. But when you read the actual tweets of what it is from Strategy, I've got some questions. The Bitcoin Security Consortium has two primary goals. Fund and support the developers and researchers already securing Bitcoin. Inform the broader conversation about Bitcoin security so it reflects the actual state of the work. As long-term holders, we have every incentive to see Bitcoin remain secure for generations. Funding the people who do this work and helping inform the conversation around it is a natural way for us to contribute. The Bitcoin Security Consortium's first focus is quantum computing. Now, why would this be their first initiative? We've already heard that quantum computing is so far out, and there's other small changes that don't require millions in development and funding specific developers to fight against this. But this seems to be the main focus of topic. Although, Nick Carter is the biggest doom and gloomer and fudspreader out there right now in the crypto community, he might have some merit about this whole US government trying to fund quantum computing along with large corporations to steal Satoshi's coins. Listen to this clip.