BlackRock: No Guarantee Bitcoin Supply Is Limited to 21M

Have you noticed how financial institutions can say one thing out loud, even put it in writing - and then quietly say something else in the fine print right next to it? Sometimes it's not just different - it's the exact opposite.

I've noticed a great example of this in an educational Bitcoin video that BlackRock - the world's largest asset manager - released about a year ago.

At the start of the second minute, the narrator explains that Bitcoin has a fixed maximum supply of 21 million coins, hard-coded into the protocol. The subtitles say the same thing.

But right next to those subtitles, in tiny letters, BlackRock adds a "legal note": nobody guarantees Bitcoin's fixed supply.

Traditional finance has a fascinating worldview. For them, even basic math and heavily audited code are apparently not "guarantees".

In reality, changing Bitcoin's max supply would require a hard fork. And if I run my own Bitcoin node, nobody can force me to stop supporting the chain I consider legitimate - the one with a 21 million cap. In other words, in my version of the blockchain (and in the version of everyone who shares the same values), there will never be more than 21 million bitcoins. I guarantee it.

What do you think: after that, would BlackRock be willing to admit that yes, there actually is a guarantee now? Or does it still not count without a signature and a stamp?