~snip~
And as for us, retail investors, we already knew how bit Bitcoin is and that there will be a huge demand specially that we are in bullish market and so if they can accumulate, then why not average joe like the rest of us?
Let's be realistic, when we look globally, the share of people who invested in cryptocurrencies is, according to some research, around 5%, and of that, it is estimated that only 2% invested in Bitcoin. We can now analyze the reasons for this, but let's say that about 40% of people still do not have access to the internet, and that at least another 20-30% do not have the financial possibilities for any risky investments.
We still have about 30% of people who could theoretically invest in Bitcoin, but of all of them, let's say that more than half suspect that BTC is some kind of internet scam, and the other 10% are undecided about it and are waiting for some kind of political approval for such investing. I think we have reached the remaining 5% that are mentioned so often - although now the rules of the game are changing because many will invest through ETFs just because it is so much easier and because they think that the SEC has given some sort of green light for BTC through ETFs.
I think that this is bad in the long term, because the way things are now, millions of BTC will end up in the hands of funds, and not in the hands of those for whom it was actually invented. Some will say that it is not that important, but time will tell how good (or bad) ETFs have been for Bitcoin.