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In the same breath, the two also delved into the implications of institutional players like BlackRock entering the cryptocurrency markets. They expressed concern about the potential fallout from BlackRock's involvement, particularly regarding the possible centralization of influence and the battle over Bitcoin's ticker symbol.
As discussed, the dynamic is reminiscent of previous scaling battles. Joel reminded listeners of the Bitcoin Cash hard fork and how, in those tumultuous times, major exchanges played pivotal roles in determining which Bitcoin would prevail based on public favor and liquidity.