Oh I see. But I see the large asset management firms as being tightly integrated into gov, so I’m treating the moves by Blackrock, BoA, Citadel etc as a signal that U.S. regulators are going to treat BTC with some warmth. It might also be a harbinger of new capital from central banks flowing into the market. More about adverse selection than ease of purchase.
Discussion
These financial firms dictate and indeed own all of the corporations, anything that comes out from the media and
I think they want to give us the impression that they are warming up to it (which yes, in the longer term, they will have little choice if #Bitcoin succeeds), but I don't for a second believe such announcements will have a positive impact in the near term. Based on my views in the first paragraph, it is far more plausible that this is emotional manipulation rather than them giving the people a heads up. They want people to believe it, and we ourselves want to believe it.
Institutional Accumulation -> Bullish Announcements -> Pump -> Institutional Profit taking -> "Unexpected" Event -> Rinse and repeat.
Central banks and Funds would have been buying much lower (or, they will do when the time is right). I don't think they will flow in when the rest of the market has bullish sentiment, and I believe we still have quite a long way to go - decades perhaps - before we see global adoption at institutional and governmental levels, at scale.