Bitcoin is still operating exactly as intended. If it can’t survive these market dynamics - it doesn’t deserve to. Institutions are always going to be market participants. Now, and into a hyper bitcoinized future
Discussion
In an ETF world, people will never own the asset if supply is gradually soaked up by institutions, and it gives them more potential to manipulate the price.
It's not that it won't survive, it's that it won't be accessible to the people who need it most, since most supply would be via proxy.
How much of the 19mil plus issued coins are in the hands of ETFs? It’s nowhere near a centralization risk.
