Tinfoil hat time:

Nation states are going to build their strategic #bitcoin reserves through the ETFs because the financial institutions have them all by the balls.

Plus, Blackrock and co have more ability to do their fuckery through the ETFs, manipulating the price through fancy behind the scenes bullshit.

Just a thought experiment. Abu Dhabi is just one data point...

I've been relatively conservative on #Bitcoin's price top this cycle, i.e. $170k. But now, there is just way too much going on under the surface to not honestly think we cruise over $300k+ this cycle top.