Is BlackRock’s Partnership With Coinbase Good For Bitcoin? By Peter Conley BlackRock, Inc. is an American multinational investment management corporation based in New York City. During the Global Financial Crisis of 2008, BlackRock got bailed out. It was one of the institutions that benefited from indiscriminate money printing, inflation and, hence, the impoverishment of the people. BlackRock and similar hedge funds produce nothing and benefit from the Cantillon Effect.
Recently, BlackRock announced a partnership with Coinbase, one of the most well-known cryptocurrency exchange platforms, to offer Bitcoin services to their clients. But is this partnership good for Bitcoin? Contrary to what most Bitcoiners might think, this partnership is not just good for bitcoin, it is great for bitcoin. Bitcoin is for everyone — even your enemies. |