All in my head..

[FirmWars]

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.

[un_rank]

In a scale of the big corporations which are interested in and can influence the outcome of elections and politics in general grayscale will be low ranked. Blackrock I expect does have some level of interest and influence, but that may not become obvious in determining the country should have a pro crypto President and if they can get what they want without it.

- Jay -

[davis196]

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

[blckhawk]

I don't know about Greyscale but I'm sure that BlackRock has lobbyists working for them to deal with those lawmakers that are trying to go for things that are out of the interest of BlackRock, BlackRock if I recall correctly is a big investment corporation and they're in all kinds of investments out there so I'm sure that they're going to be using some kind of way to make it easy for them to be doing their things, like acquiring swaths of land for redevelopment purposes and so they can make money out of it through real estate. BlackRock is a powerful company, in fact, any big company that involves money most of the time is a guarantee that they have their hands on politics because that's where you can bend the law to your will is. If you were in their position, you will do everything that you need to do to secure as much money and influence after all.

[AVE5]

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.

[Mrbluntzy]

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.

It's possible to be very rich and powerful but not powerful enough to become the president of a country. Politics is corrupt, only when you are fully a politician that's when you might be able to stand a chance of becoming a president. In my country, before you can run for presidency, you must have handled other Political positions in the country such as running for a governorship position or other positions. Although I don't know how US run their politics but I don't think blackrock and the later can stand a chance of becoming president.

[Maus0728]

You're not wrong, if they hate crypto enough, they will want it gone but the real problem that's plaguing those cryptocurrency haters is that even with all those influence and power at their disposal, they're still going to need to make sure that there's deniability available to them and that no one would be able to stick things to them because they don't want the backlash that will definitely be coming when they start their war with cryptocurrency, they don't know the implications yet and they dread that feeling.

The wonderful thing is that if there was something to happen in crypto that impacts it negatively including the community, they're going to be the first in the list of suspects especially if they suddenly are benefiting from it, there's no way that they can't be involved.

[peter0425]

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.

Anyone associated with cryptocurrencies would surely benefit if someone crypto-positive were to be elected however these big companies no matter how big and influential they would not be able to directly play their cards in politics. They can however support or sponsor a particular candidate but it still wouldn’t guarantee that that candidate will win.

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.

I don’t think people who hate or are indifferent towards crypto would be gone if this were to happen. Maybe some are only product of false information and would likely clear up some misconceptions but the best scenario to come out of this situation would the benefits directed to us crypto enthusiasts.

[kentrolla]

These are just tip of iceberg and yeah they donhave limited influence but we don't see actual market makers since they don't come out in public but rather calls the shot and let's not talk about these spineless politicians or president's because they will switch sides anytime as we have seen how Trump has been trying to jump ship from being an anti crypto to being somewhat pro crypto and Biden i am not sure if he even understands what crypto is, I think there are fray area which we don't have visibility and they takes the call.

[boyptc]

I will give you a great example.

SEC do not like Bitcoin.

But because of the influence of these large financial corporations and instutions, there is a possibility that the decision have been influenced by them.

It has been so long since BTC etfs have been applied by other financial institutions and when it has been applied by Blackrock, the chance of approval has increased and it did happened.

[mindrust]

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.

[Iranus]

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.

Trump wasn't against bitcoin and cryptocurrencies when he was president, he just wasn't interested in them at the time. Now, he has changed his views on cryptocurrencies but I believe that what he said will have no good purpose other than wanting to win the votes of crypto lovers in the election his upcoming appointment.

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

We won't know if they are involved or have influence in politics, but they are business people so profits are what they care about most. So you don't need to be surprised or blame them when they don't care about the core principles of bitcoin. Even for us, are you sure people will continue to support bitcoin if bitcoin is no longer profitable for them? My guess is that if bitcoin became stable, most would leave it and it would not be as popular as it is today.

[hd49728]

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.

They are not powerless if you know the FTX fiasco. Sam Bankman-Fried actually got a lot of support behind the scene, through his lobby and he got it from relationships of his father and mother. If you search about his history, you will see that SBF donated a lot of money for politicians before he got troubles with FTX collapse and went to jail.

He had some meetings with SEC. chairman but by some secrets, the chairman did not see anything strange in operations and fund treasury of FTX exchange and Alameda Research.

It's show that institutional companies have power in politics that benefit them in business operations. BlackRock has nearly 100% approval rate with their Spot ETF applications, no coincidence.

[criptoevangelista]

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.

I'm almost certain that the approval of Ethereum's EFT is a response from the Biden administration against Donald Trump... Look... what could decide these elections are the votes of people involved in cryptocurrencies, so to capture these votes they started a electoral war... Trump accepting cryptocurrencies and Biden now has the narrative that it was in his government that ETFs were approved... Anyway, they go where they can capture more votes, it's nothing to support the cryptocurrency industry or anything like that .

And all these people, whether from funds and investment or large companies, are directly linked to the government... We are talking about the most powerful people on the planet.

[Fiatless]

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.

A crypto-friendly president might make policies that will favor these companies. But there are still some powerful lawmakers who are anti-crypto. These lawmakers could also propose laws that might undermine crypt growth or development.

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.

These powerful corporations sponsor elections of these politicians so that they can support them when they get into power. Biden might not have been a supporter of crypto, but his administration approved the Spot ETF after years of disapproval. Trump is unpredictable; he is a businessman who supports policies that favour his business interests. He might be more friendly to the crypto space if he or his business has invested heavily in the industry.

[Filippo Spina]

Just always remember,

Satoshi designed bitcoin very specifically. The number of coins someone has, is essentially how much stake they have in the network.

In terms of power, this logic applies to those that were believing in bitcoin first.

Are they still around? Yes.
Are they in the shadows? Yes.
Is that scary? No. It's how it was designed to be!

Basically, what I'm saying is, or at least what I think I'm trying to convey, is that politicians are too stupid and preoccupied with looking good in front of the camera nowadays to be considered powerful people.

[electronicash]

they have the contract to rebuild Ukraine after the war, is that an organization that doesn't influence in politics?
when Grayscale and Ark filed BTC ETF, they were denied many times but when Blackrock finally came, after a few months, Bitcoin ETF was approved. that is an investment company that can make a hardcore banker into memecoin lover if they say so.  Biden and Warren will soon be a memecoin long term holder.

[Solosanz]

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

Do you think it's already the end for them? nope!

Michael Saylor was a Bitcoin hater, he said that Bitcoin is bubble. But, after he shift from naysayer to yaysayer where his company i.e. MicroStrategy keep buying Bitcoin every dip, now many people support Michael Saylor and didn't hate him anymore.

Which mean, even Biden and Warren hate on Bitcoin, if tomorrow they decide to support and invest in Bitcoin, they will be known as Bitcoin supporter instead of Bitcoin hater.

[PX-Z]

Politicians are backed with businessmen.

There will be someone who will raise their hand to make law/s, regulations that will benefit them and/or someone's known business this includes in crypto businesses including investments. Trump talking friendly about crypto now is just something like an attention seeker.

President's sweet-words regarding bitcoin is not always the case it's how the majority of the law makers and the votes will go through to make a law.

[cabron]

“I will keep Elizabeth Warren and her goons away from your Bitcoin.”  - Trump
https://x.com/TiffanyFong_/status/1794549018846257611
Trump while talking about self-custody support to his supporters, this is going to be an election that is mostly into convincing the public about financial freedom.

Blackrock is one of the biggest asset management companies. Of course, the company has influence, they can put those politicians inside their pockets and make laws in their benefit.