Join my private Bitcoin forum and get the advanced Bitcoin course:https://www.bitcoinuniversity.com/bitcoin-forumIn this video, I discuss a scenario in which BlackRock forks Bitcoin, replaces proof of work with proof of stake, and then tries to recruit nodes to run the new software.Any intentional or unintentional fork of Bitcoin is bound to fail, just as BCH failed as a fork. This is because rational economic actors will never want to exchange freedom money for a captured, controlled asset.Because of this, B-BTC is bound to depreciate massively against BTC, and thus fade into irrelevance.It's not just Bitcoin OGs and libertarians who want freedom money.It's also:Every billionaire in the worldEvery corporation in the worldEvery nation-state in the worldEvery central bank in the worldWhy would any of these groups ever want to be at the mercy of BlackRock, if they could help it? Don't want to be at the mercy of BlackRock or any other Wall Street firm today? Then don't buy a Bitcoin ETF. Buy the real thing instead (BTC), and hold it on your own hardware wallet like a Blockstream Jade or Coldcard.If you do that and run your own Bitcoin node, no one can ever take away your freedom money.Not investment advice! Consult a financial advisor. BlackRock's spot Bitcoin ETF S-1 filing:https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htmBCH market cap:https://coinmarketcap.com/currencies/bitcoin-cash/BTC market cap:https://coinmarketcap.com/currencies/bitcoin/I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #blackrock Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=G8c8lehg29g