This is an interesting piece. I think people are coming around to the risks of extreme financialization of Bitcoin, both in terms of the iintegrity of the pprotocol as well as the realization that this financialization is precisely why we will see ETF approvals. The establishment knows exactly how and where to attach the collar and leash to securities such as ETFs, and thus tthe underlying aaset. Once these ETFs are fully liquid, rumblings about protocol “governance” will soon follow.