Cryptocurrency Q&A
Will Blackrock change the bitcoin protocol?
Will Blackrock change the bitcoin protocol?
Federico
Thu Jul 18 2024
|
5 answers
833
Could you elaborate on the likelihood of BlackRock, a leading asset manager, altering the Bitcoin protocol? Given their traditional investment approach and expertise in traditional finance, how would such a move align with their business strategy? Are there any known indications or public statements from BlackRock suggesting such a change? What challenges and opportunities would such a move present for Bitcoin's decentralization and overall ecosystem? Would such a move be technically feasible, considering the decentralized nature of Bitcoin's network?
5 answers
DigitalEagle
Sat Jul 20 2024
With a significant amount of assets under their custody on the Bitcoin blockchain, any drastic actions would potentially jeopardize their interests.
Was this helpful?
112
24
Isabella
Sat Jul 20 2024
Their approach towards Bitcoin is focused on the financial layer, which sits atop the underlying protocol.
Was this helpful?
99
48
Raffaele
Sat Jul 20 2024
Here, BlackRock operates in the realm of wealth management and financial services, utilizing Bitcoin as a tool for their offerings.
Was this helpful?
398
53
KiteFlyer
Sat Jul 20 2024
BlackRock, a prominent financial institution, finds little motivation to alter or disrupt the Bitcoin protocol.
Was this helpful?
104
69
Alessandra
Sat Jul 20 2024
Any potential changes or disruptions to the Bitcoin protocol would likely occur within this financial layer, ensuring minimal impact on the core technology itself.
Was this helpful?
120
49
