Ooooh you come from shitcoin land where supplies are suggestions and stake gives you power...
Do you really believe long-term holders will sell their bitcoin for ETF paper?
Discussion
The harshness of your grievance (attempted grievance) demonstrates the weakness of your argument.
Long-term "holders" will sell their Bitcoin for other paper called USD and those Bitcoins will be bought by Blackrock. This is the only one reason that BTC holders want ETF. See the price going up and sell.
Lmao. You know long-term holder supply is at an ATH, right?
Bitcoin (obviously) has a much larger than perceived use case outside of turning it in for dollars.
If paper Bitcoin can't be withdrawn, self-custody Bitcoin will go for a "premium" which will actually just be the real price.