Well that would be very sad but not at all surprising… what’s surprising is that the bitcoin community is allowing this to happen for a monetary short term benefit.

Bitcoin ETFs, in my opinion, represent a significant deviation from what makes Bitcoin inherently valuable and unique. To me, Bitcoin is not just an investment vehicle; it's a symbol of decentralization and inclusion, designed to eliminate the middle man with peer-to-peer transactions, censorship resistance, and a limited supply, transcending simple monetary gains. However, the concept of ETFs, especially those managed by large entities like BlackRock, seems to contradict Bitcoin's core principles.

ETFs centralize what is essentially a decentralized currency and deprive individuals of the control and direct interaction that are integral to the Bitcoin experience. This shift towards ETFs could lead to a loss of important educational aspects of Bitcoin, such as understanding digital wallets and blockchain technology. It could also create vulnerabilities in the Bitcoin network due to centralized control of the asset.

For me, the move towards ETFs is a horrible significant step away from the technological empowerment and societal benefits that Bitcoin, in its unadulterated form, offers to individuals and the community at large.