Articles for tag: Adam Back, Bitcoin, BlackRock, Blockchain, Cryptocurrency, Financial news, Supply Cap

December 20, 2024

Is Bitcoin’s 21 Million Cap Safe? Insights from Adam Back on the Future of Bitcoin and Its Scarcity.

Blockstream CEO Adam Back has addressed recent concerns about Bitcoin’s supply limit amid discussions involving financial giant BlackRock. Back, recognized for his role in Bitcoin’s early development, reassured the community that the cryptocurrency’s scarcity, capped at 21 million coins, remains intact. This reassurance comes after MicroStrategy’s Michael Saylor shared a video from BlackRock that included ...

December 20, 2024

Market News

Crypto

BlackRock’s Controversial Bitcoin Video: Claims of Changing BTC Supply Sparks Outrage in Crypto Community

BlackRock is facing backlash over a video that implied Bitcoin’s fixed supply of 21 million could potentially be altered. This video, shared widely online, was part of BlackRock’s promotion for its iShares Bitcoin Trust ETF and highlighted Bitcoin’s features, although it contained a disclaimer about the supply cap. Critics from the Bitcoin community, including MicroStrategy’s ...

December 20, 2024

Market News

Crypto

BlackRock’s Controversial Bitcoin Ad Sparkles Backlash from Bitcoin Community: What You Need to Know

BlackRock, the world’s largest asset manager, recently released an advertisement promoting Bitcoin and its potential as an investment. However, the Bitcoin community has expressed discontent over the ad, particularly due to a disclaimer that suggests the 21 million supply cap of Bitcoin could change. This disclaimer, which appears briefly in the video, has raised alarms ...