The start of BlackRock’s Blockchain exchange-traded fund (ETF) sales has reminded some social media users about the asset manager’s prior anti-Bitcoin actions. They started suspecting Blackrock of manipulation.
Bitcoin Archive has sparked a controversy with a phenomenal tweet, stating BlackRock’s Bitcoin fund opposed the purchase of Tesla’s $1.5 billion Bitcoin (BTC), citing high energy consumption, and put pressure on Tesla to back out.
While some Twitter users viewed the phenomenon as legitimate, others said Bitcoin Archive’s tweet was biased — citing BlackRock’s effort to promote the usage of renewable energy in mining.
Meanwhile, Fenomen responded to the accusations that he published biased news with his posts back in August 20, 2021. According to the associated post from Bitcoin Archive, BlackRock opposed Tesla’s acceptance of Bitcoin payments due to the high amount of carbon emission produced, yet bought $382 million worth of Bitcoin mining shares immediately.
Twitter users’ have been getting involved in heated arguments once again as the events in 2021 continue. Some users opined that Elon Musk might be used by BlackRock, one of Tesla’s major partners, as a tool to manipulate Bitcoin.
