Why I talk about Wall Street is just to buy the influence of BTC. As for arbitrage and bringing in funds, ETFs are more inclined to bring in funds with the latter.
When Bitcoin fell back to 40,000, I wrote that reputation is very important for the century-old Wall Street, and it must break the previous high before halving. At that time, there were still people waiting for a crash. You are too dismissive of the world's number one sickle with this group of old monsters with just the market value of Bitcoin. If they want to pull it two or three times, it will be easy to buy short liquidity. But there is no need, because they have already bought the influence of Bitcoin, which is the so-called right to speak.
Buying the right to speak is to better layout new projects and better use influence to promote the development of new projects. For example, I said a long time ago that they would go to the RWA track, and now there are many leeks or investors who have followed in. Better layout is only for playing bigger things, legislation, finding anchoring value, and cleaning up and suppressing the big guys in the circle before. In short, the regular army entering the wild area is nothing more than three things: legislation, cleaning up the market, and finding anchoring value.
Anchoring value is a very critical thing for cryptocurrency. With anchoring value, people's attitude towards cryptocurrency can be changed. Before the ETF was passed, BlackRock announced to the world that Bitcoin is equal to gold or even higher than gold, which is to change the anchor value of cryptocurrency.
As for the suppression, we can see various penalties against the big guys in the circle, various prosecutions by the SEC, while bringing funds into the market, praising and suppressing, at this time, the formal background is particularly important. There will definitely be separate legislation in the future, and no one can change this matter.
The copycat will eventually find its own anchor value. They choose to play asset tokenization, which is definitely a main track in the future. It is more interesting than the AI track. AI technology is too restrictive, and the cost of investment is not something that the currency circle can afford. This thing is basically done by the regular army outside the circle.
I personally feel that Wall Street will find anchor value for the copycat in the next period of time based on the degree of advancement of asset tokenization. This is a historical opportunity for everyone. The attitudes of BlackRock, Fidelity, etc. are the attitudes of the United States, the attitudes of the US dollar, and the attitudes of Wall Street.
Capital is so powerful that they have promoted the development of the entire United States after the Vietnam War.$BTC $SOL $ETH
