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Let's typeBitcoin next crisis Hayes argued that if BlackRock, which is in "the asset accumulation game," vacuums up all the bitcoin, there will be no more bitcoin transactions and those who secure the bitcoin network in return for fees and newly minted bitcoin, known as miners, "would be unable to afford the energy it costs to secure the network. As a result, they would shut off their machines. Without the miners, the network dies, and bitcoin vanishes."