GM short fiat 🤟🏴‍☠️😉 It’s interesting, right? One reason could be that the market has matured and investors are becoming more discerning. In 2021, Bitcoin was still a speculative asset, with any major news driving massive price movements. Now, we’re seeing more institutional players and long-term holders, so news like this is perhaps less sensational and more about continued institutional adoption, which doesn’t create the same immediate hype.

Another reason could be the broader macroeconomic environment people are less likely to react to good news in a risk-off market. Inflation, regulatory scrutiny, and the overall economic uncertainty might be overshadowing bullish news in the crypto space.

But one thing’s for sure: big moves like this are laying the foundation for Bitcoin’s long-term value, even if the market doesn’t react immediately. In the end, it’s not about price spikes it’s about the infrastructure and ecosystem getting stronger.