The 
is now famous as a Forbes Magazine Source for Bitcoin information!
The Article
This article in the Forbes Online Magazine called Digital assets:
BlackRock Just Quietly Confirmed A Devastating Bitcoin Price Bombshell article linkIt quotes
and his team of developers.
This article was written by Billy Bambrough, a Senior Contributor discusses a quote from the famous Bitcoiner and MicroStrategy Founder Michael Saylor, regarding increasing the Bitcoin Cap from 21 million at some point in the future.
The article discusses this huge controversey in the Bitcoin space triggered by the Blackrock Video and the accompanying disclaimer. The Blackrock video explains Bitcoin and it's value with an core component of that value being the the belief there will only ever be 21 million Bitcoin. However the disclaimer suggests that this rule of 21 million could be changed in the future. Then Micheal Saylor circulated the video widely by posting it on his Twitter account and agreeing that the number of Bitcoin could change. This set off a firestorm. And a Tweet oon X by our own
I write about how bitcoin, crypto and blockchain can change the world.
Bitcoin has rocketed higher this year in large part due to BlackRock, the world's largest asset manager, putting its $10 trillion weight behind it—triggering Wall Street fomo.
The bitcoin price has doubled since its August lows, riding a wave of interest that's been fueled by Donald Trump's U.S. election victory and U.S. dollar collapse warnings from Tesla billionaire Elon Musk.
Now, as Trump confirms he has big plans for bitcoin, BlackRock has shocked some in the bitcoin community with a bitcoin explainer video that warns there's "no guarantee" bitcoin's 21 million supply cap won't be changed in the future.
article link
The Video
- Now, as Trump confirms he has big plans for bitcoin, BlackRock has shocked some in the bitcoin community with a bitcoin explainer video that warns there's "no guarantee" bitcoin's 21 million supply cap won't be changed in the future. This warning was posted UNDER the video praising Bitcoin's 21 Million Bitcoin Hard Cap.
The Michael Saylor Tweet
- This was seen as a promotion of the video and agreement with the statement in the Disclaimer, an increased the viewership of the video, because this is Micheal Saylor with millions of followers.
In the BlackRock video, given a boost when it was shared by MicroStrategy's Michael Saylor, bitcoin was described as having a fixed supply of 21 million—"this hard-coded rule controls supply, purchasing power and helps avoid the potential misuse of printing more and more currency."
The Firestorm of controversy
However, a disclaimer appeared alongside the description, adding: "There is no guarantee that bitcoin's 21 million supply cap will not be changed"—something that undermines bitcoin's growing reputation as a scarce digital asset comparable to gold.
BlackRock's admission that bitcoin's supply cap could be changed has been taken by some as confirmation BlackRock's adoption of bitcoin will lead to it being "hijacked."
The Quote by
"They're getting everyone used to this eventuality," Joel Valenzuela, a sales and marketing executive at the issuer of the cryptocurrency dash, posted to X. "When the supply cap increase happens, it will have 'always been part of the plan.' And today, in 2024, people have the audacity to say bitcoin wasn't hijacked."
So Joel Valenzuela our own is now famously quoted in Forbes Magazine
... for saying that the Huge Promotional Point for Bitcoin, the 21 million token hardcap, is now being undermined by Forbes and Michael Saylor.
The irony was Joel says he made a comment in an elevator on the way to a Christmas party and Tweets something trolling Michael Saylor on X and now he finds himself quoted in Forbes Magazine Digital assets.
"Life comes at you fast." said Joel Valenzuela
- I must agree...
- Life and News now moves at the speed of the internet.
- Fortunately both Hive and Dash move just as Fast
Read the news yourself here...
Read the Forbes article here
Watch the video here
Or here on BlackRock's YouTube Video
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