RE: BTC28 Jun 2023 11:43
404X posted that BCH has pumped possibly because of inclusion in the EDX but I suspect BCH and BSV have also been pumping because of the BlackRock ETF submission, specifically page 24;
https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm
'In the event of a hard fork of the Bitcoin network, the Sponsor will, as permitted by the terms of the Trust Agreement, use its sole discretion to determine, in good faith, which peer-to-peer network, among a group of incompatible forks of the Bitcoin network, is generally accepted as the Bitcoin network and should therefore be considered the appropriate network for the Trust’s purposes. The Sponsor will base its determination on whatever factors it deems relevant, including but not limited to, the Sponsor’s beliefs regarding expectations of the core developers of bitcoin, users, services, businesses, miners and other constituencies, as well as the actual continued acceptance of, mining power on, and community engagement with, the Bitcoin network, or whatever other factors it deems relevant. There is no guarantee that the Sponsor will choose the digital asset that is ultimately the most valuable fork, and the Sponsor’s decision may adversely affect the value of the Shares as a result. The Sponsor may also disagree with Shareholders, the Bitcoin Custodian, other service providers, the Index Administrator, cryptocurrency exchanges, or other market participants on what is generally accepted as bitcoin and should therefore be considered “bitcoin” for the Trust’s purposes, which may also adversely affect the value of the Shares as a result.'
Obviously my bias and significant holding hopes Bitcoin SV is the ultimate winner and that BSV's Terra Node anticipated this year will deliver millions or even billions of on-chain transactions per second enabling BSV to become some sort of Bitcoin Metaverse Blackhole of everything blockchain ;-)
Will just have to see how it all plays out but BlackRock are seemingly are keeping their Bitcoin options on the table...
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