At first, the market thought that the adoption of ETFs was a huge positive. The logic behind it was that there were many stupid people in traditional OTC finance. They were anxious to see Bitcoin rise. As long as ETFs were adopted, they would go all-in without thinking. The question is, are there really so many traditional financial giants who are rich and stupid and anxious to take over? If they are really optimistic about Bitcoin, are they really constrained by compliance and unable to enter in advance and can only take over stupidly?
Personally, I feel... unlimited growth requires unlimited liquidity, and it is only possible to enter a larger market with the help of traditional financial tools... The original intention was to fight against the traditional financial system, but it also requires a sufficient mass base...
His understanding should mean that Bitcoin has lost its imagination?
Just like memes are making applications
Just like the roadmap of value B is starting to land
BTC has entered the mainstream like thousands of stock ETFs-it is no longer a special category, but just a high-risk safe-haven category, and its appeal is not as unlimited as in the past
