Listening to Michael Saylor discuss Blackrock and Spot ETFs, and it made me wonder if something like this wasnt going on...
Take out as many exchanges as possible,
make it as complicated as possible for the average person to get and hold bitcoin themselves,
establish existing large financial institutions as custodial layers between large corporations and their bitcoin.
buy up as much bitcoin as possible, and hold it, creating new financial products for the public... while not letting them hold it themselves.
rather than wiping out bitcoin, i wonder if the banks, knowing there will only ever be 21,000,000, are going to try to buy as much as possible and try to wedge themselves in the middle.
Wouldn't surprise me at all.