What are we celebrating here?
OK, quite a bit of euphoria has been created due to the ETF approval, I have seen many invitations to celebrate, and I find it especially interesting from ordinary users. So I wonder, what exactly do we "little" Bitcoin users get from this event and why should we be happy about it?
The way I see it, we're just getting another big player who will keep a large amount of Bitcoin under his control. Whoever decides on an ETF, will be given Bitcoin for "safekeeping" and in return, they will receive a dividend in Fiat. So, again Fiat, is exactly what we wanted Bitcoin to destroy.
Also, Bitcoin enters the WS, a market that is almost dependent on manipulation, it is of course an atmosphere suitable for big players and big stakes. How resistant is the Bitcoin ecosystem to such a thing?
Second thing, everyone is looking forward to record values, and rising BTC prices, but what happens when it reaches $200k, for example? For us ordinary people, it will be much more difficult to collect a significant amount of Bitcoin, so even from that point of view, I see no reason to celebrate everyone who has less than 30BTC in their wallet.