People who don't get what a sat is, even after comparing it with a cent, will most probably never hold Bitcoin themselves (or sats, lol), as explaining them self-custody will fall on fiat ears.

They'll go for the "easiest" and "fastest" option, i.e. let a company own their sats, of which they've never understood the power and real worth.

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And thats why they opt for ETFs instead of Bitcoin.