Replying to Avatar BTC_P2P

It’s a big deal bc the establishment is legitimizing Bitcoin. How do you think Elizabeth Warren feels rn? The days of her lame threats are over. The assets is now “mainstream”.

For sure I don’t care and neither do most plebs. But in terms of global adoption this moment means a lot. After a decade of ignoring Bitcoin and a lot of baseless criticism / derision these massive pools of capital capitulated. Love to see it.

Government’s capitulating in a cycle or two will be the best though.
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BITwise 🐳 >>= RIGHTish 2y ago

100% agree with you here. Approval is mainstream market capitulation. One major step towards global adoption.

As you say, the ETF invalidates many of the anti-bitcoin talking points. Though they might still try and use many of those to argue buying ETF over holding BTC actual. As ironic as it would be, they'll claim holding ETF is safer. (Major LOL)

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BTC_P2P 2y ago

Yeah there will definitely be some really stupid takes about the ETF like it’s safer or better but overall definitely benefits anyone who got in pre-ETF.

Pretty crazy moment really. I got into bitcoin in 2019 and I would’ve thought this was a decade out back then.