The ETFs had a chance of causing a giant pump and dump on the markets, but that didn't happen. We got a typical Wall Street "buy the rumor, sell the news" one-shot bump. Now we suddenly see something new, something we haven't seen before in a bull market, and this should have been what we expected: Peace. nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a called it first, the ETFs are the most boring part of #bitcoin.

Why? More volume and liquidity means more stability, not necessarily more demand. This is the short-term consequence, however...

@JackSpirko lays out the long-term consequence of opening bitcoin up to trapped liquidity. Obviously, this means NGU.

Ups and downs in price are what make bitcoin difficult to use in transactions, while the ETF means it will be a more general purpose quantity to price products in (even if NGU.)

NGU with stability means you can safely price your products in bitcoin and not end up upside down from a -20% move while you sleep. NGU with stability means every product price is negotiable, as it should be, and product pricing's stickiness is only limited by the ability of its supply chain, shipping and warehousing paths to price in the future value of money.

NGU with stability means predictability.

NGU with stability means profitability.

NGU with stability means price discoverability.

This is the path to hyperbitcoinization.