All in my head..

[aoluain]

Blackrock, JP Morgan, Exxon Mobil, Apple, Microsoft, Pfizer, J&J, Nvidia… You name it. All of those big corps have an influence on the politicians. It is not just the bankers or money managers.

A petroleum company like Exxon Mobil owns a very strategic business and people listen to them when they say something. It is because oil is still the dominant energy source for transportation. When they stop digging, the world stops spinning.

Microsoft provides all the software infrastructure of every bank and many other big businesses probably. Lots of corporations and even countries depend on microsoft’s products.

Take a look at the biggest companies of S&P500 and continue with the examples from where I left.

ayup and in the case specifically of Blackrock, they are the LARGEST investment company
in the WORLD so we can be damn sure they can, have and will influence "politicians" to some
degree in order to satisfy their business and clients.

As regards "Crypto" it is a relatively new venture for them and only part of their investment
and asset offering, dont know what percentage that is now but its safe to assume its going
to grow so their influence on political decision makers for crypto affairs should increase too.


Actually a quick google search result kind of says a lot!

[Silberman]

I am curious.

Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.

I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.

With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.

This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.

Politics is a game in which you are playing against many other powerful players, so just as there are players that are interested in getting more support for this market, there are others that want the opposite, including a great deal of politicians themselves, besides even if they could do it, what kind of economic and political costs such a maneuver could have? So I feel it is better for those entities to just wait for a generational change to happen so a US president is in favor of this market on their own.

[darkangel11]

I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.

What forceful approval? The SEC lost in court and had to approve. Are you saying that the court was also bribed by BlackRock?
IMO the SEC was wrong long before it lost in court, since it allowed futures ETF but did not want to allow spot, quoting unstable unregulated market. So Futures could be traded despite these problems?

With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.

Warren has no power. She's been doing her best to slow down bitcoin adoption, but check how many of her motions actually passed. Really, check all the things she tried to push through in the last 2 years and see how many of them became the law. You'll see how pathetic her attempts really are.

[Hispo]

I am curious.

Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.

I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.

With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.

This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.

Well, first off we need to make clear that there is an obvious relation between the dynamics of power within the United States and the decisions which are took by the managers, donors and CEOs of those hedge funds and money managing firms. It is an implicit part of how capitalism works in the USA. However, I would point out you make sound all of this as if was part of some ideological change of heart of those companies in favor of Bitcoin, Ethereum and other alternative currencies, which is not the case.
Those companies and hedge funds are only in for the growing of money, regardless whether it is through the expansion of Crypto or not.

They won't fund other candidates or politicians apart from Biden, Trump or any other establishment political (economical dinosaur), because even though Bitcoin and Ether are big, there are even bigger industries to be exploited for their own benefit. Crypto won't surpass oil extraction and commerce any time soon, and won't surpass coffee commerce.
If it is about money, then it is not about the ideals of the candidate, but the money he can help you to make in the next four years.

[jrrsparkles]

I am curious.

Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.

I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.

With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.

This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.

Big corporations and rich people always influence the elections as well as politics, there will be support on both sides that may nullify the effects of their each influence or one goes over the other which we can't really know for sure.

IMO, rich people don't like the people to have the full freedom of using their money so one or the other way they all are going to be anti crypto unless they are directly involved in crypto and may get more benefits from crypto if it's regulated or recognized as an asset in a country.

[Uhwuchukwu53]

If doesn't really matter, if the US president is going to be pro-crypto or anti-crypto. Trump was anti-crypto several years ago, and nothing happened, the crypto industry in the USA wasn't damaged at all.
What matters is the number of pro-crypto congressmen and senators. The legislation is being passed in the Congress and Senate, the president can only approve or the deny the laws.
Blackrock are really powerful and have big influence over politics, but I doubt that they are totally pro-crypto. They will just use Bitcoin/crypto as a tool to gain more profits(which is perfectly normal, all crypto investors also want profits). However, I don't think that the people, who rule Blackrock are believers in the core principles of Bitcoin

On believing what you've said, it's certain that there could be selfishness to the hold that Black rock would come for the rescue of bitcoin if not just if its interest. Hence they're not stakeholders of the bitcoin SEC there's no much global Interests they may afford to effortlessly contribute to the reputation of bitcoin if not just chasing after more money to maintain its financial influence.
While also agreeing with you, the president of the United States doesn't supercede the Senate and Congress bodies, so the stance of bitcoin development to gain more grounds depends on the popularity and dominance of its enthusiastics and not about the presidency to be pegged on the US.

Yes  I concur with the aspect of US president not superceding other governmental bodies, in decisions making allot is required despite been a president there are certain decision that president can conclude without seeking others sectors that make up the government.
Looking  critically on op point of observation if black rock channel it financial energy to crypto it can course some high level of adoption if it's from the political motivated perspective where there is a strong conviction op point many be reality.

[Hallroom]

I am curious.

Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.

I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.

With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.

This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.

Currently they are financially strong and they are currently associated with massive popularity. Because he has a huge following on social media twitter, here I can focus on him. However, there is a lot of popularity from the external side, although they are not currently ahead politically, Ethereum ETFs are currently very popular.

[FinePoine0]

I am curious.

Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.

I can't help it think that if these people also have power in politics somehow, any crypto hater will be gone if they want them gone, I believe these people are responsible for the forceful apprivement of the ETFs, now Ethereum ETH is also a success.

With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.

This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.

Currently they are financially strong and they are currently associated with massive popularity. Because he has a huge following on social media twitter, here I can focus on him. However, there is a lot of popularity from the external side, although they are not currently ahead politically, Ethereum ETFs are currently very popular.

In today's world, whoever has more money, the most people follow him. That's why I want to die Gray Skill has no shortage of demographics, as their fans are more visible when news breaks on social media and actually have more followers. Because I live in this country, I will speak about my country, usually in politics and there are more people like that. So people are busy doing all such activities due to the greed of money.

[Zanab247]

Since Black rock and Greyscale among others are very powerful in the financial world, are they powerless in politics? Because I believe they will benefit even more if someone who supports crypto to the core is elected as the new president of the United States.

Yes they are financially buoyant to courtesy for political position but Black Rock and Grayscale don't have the knowledge of politics, it will be difficult for them to take such risk in the society because they will only get support from crypto users.

Don't forget that there are some billionaires in the country that made their money from estate business or other businesses, which they are capable to stop those crypto billionaires not to win the election because that is their profession and they have the money to finance the campaign till they win the election.

With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.

Based on what Joe Biden has done to crypto, it will make majority of crypto users not to support him in this U.S election because they need someone that will make crypto legal tender in the country so that crypto users will begin to hodl political offices in the country.

[Jegileman]

With Biden and Warren hating on crypto, these two will be too powerless if many powerful companies want them out of power over crypto.

This is just a thought, and I could be wrong, I read this nowhere but all in my head, if you have something to say about this you are welcome.

Blackrock or Grayscale  should have nothing to do with the power of the politics even if they can influence crypto so badly. Politics is different from crypto and when you want to join them and have nothing in return, it becomes very bad and your ambition cannot be fulfilled why following that path. Bitcoin is not a one man technology and by sacking a lot without dealing with will no go wide higher than the way we can ever imagine now. Political power or not, it cannot influence bitcoin on its use or follow same kind of system that is against how it is designed to operate.