ETFs change this

They give A LOT more people access to #Bitcoin

Everyone with a brokerage account can now buy the dip if there's any kind of manipulation downward

If whales want to sell they can - there is unlimited demand from people who have no exposure to Bitcoin yet

Grayscale has been dumping thousands of coins on the market every single day, and yet the price has barely moved

If Blackrock tries to manipulate the market by selling their customers' Bitcoin, they are taking a massive risk

There are too many people with NO EXPOSURE to Bitcoin right now

These people are sitting on the sidelines waiting for a lower price

There are sovereign nations who want to buy as much as possible

This is why the price hasn't gone below 60k (yet) after it went above the previous ATH, and I don't think it will (who knows, maybe I'm wrong, only time will tell)

If Blackrock sells its customers' Bitcoin, THEY MAY NEVER BE ABLE TO GET IT BACK

Institutional investment adds liquidity to the market, meaning manipulation is much more risky and much more difficult

It's everyone for themselves

Price will have to be pushed upward to incentivize current holders to sell some of their holdings and redistribute to new investors