'A Tentacle of the Government': Vivek Ramaswamy Takes Jab At BlackRock's Bitcoin ETF Move
Portfolio Pulse from Mehab Qureshi
U.S. Presidential candidate Vivek Ramaswamy criticized BlackRock's Bitcoin ETF application, calling the investment firm 'a tentacle of the government.' He expressed support for cryptocurrencies and plans to be a pro-crypto president. Ramaswamy sees Bitcoin as an alternative to the Federal Reserve system and views the government as threatened by its popularity. He also criticized regulatory bodies like the SEC, calling them a 'cancer' and 'unconstitutional.' BTC price was up 5.33% at the time of reporting.
November 16, 2023 | 6:27 am
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Vivek Ramaswamy criticized BlackRock's Bitcoin ETF application, suggesting the firm is too close to the government and questioning the sincerity of its free-market actions.
Ramaswamy's comments could potentially cast a negative light on BlackRock's ETF application, leading to skepticism among investors about the firm's intentions and its relationship with the government.
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