Prediction Win: Bitcoin Rescue Fork

Damn, I'm good.

My first suggestion in 2021 that Bitcoin would die from miner bankruptcies and there'd be a desperate resuscitation attempt. The dying part has been going pretty well and now...

The rescue attempt has arrived!

Blackrock ESG fork of Bitcoin incoming https://t.co/xcrv0tiUPm
— Clark Moody (@clarkmoody) June 16, 2023

Blackrock needs to fork before Bitcoin hits systemic failure, i.e. before 2024. I see three options in the fork.

Reduce mining difficulty
Increase bitcoin limit of 21 million
Eliminate consensus mechanism

Only elimination of the consensus mechanism (which effectively eliminates mining, too) is a permanent fix. The first two options are temporary fixes which may boost Bitcoin's price enough for Blackrock to cash out of Bitcoin. Kind of like bubble-gumming the leaking plumbing of an old house long enough to sell it.