I respect your opinion and you have a point, but I can't entirely agree. Bitcoin is a blackhole for fiat currencies. If the Cabal behind the Central Banks print more, Bitcoin will absorb more and add to its market value. It's currently right there happening in front of us, and the ETFs will make the trajectory to six digits steeper and faster. Plus wait for QE when there's more liquidity available in the system. It might be "Oh My God It's Christmas" during March of 2025.
So in your opinion the main driving force of btc pump to 6 digit will be QE and ETF will only facilitate the migration of capital. Am I right? I can definitely agree with that.
Plus the fact that there's only a limited supply of 21,000,000 Bitcoins in total, making it a scarce asset that's attractive as a long term hedge against inflation.
To all those who read my opinions in different topics, you know that I'm cynical towards BlackRock's Bitcoin ETF because of the vague wording used about hard forks in their registration statement.
I found it and read it, and I have to admit that what is written there does not look good at all, because the fact that it is written there may mean that they (BlackRock) actually have the idea to make a fork in the future, and to use their influence and money, of course, to create its centralized version of BTC.
There could be another hash war and if BlackRock and its cartel of ETF issuers have the same proposal in each of their registration statement, they may have some impact of their own on what's to be considered "The Bitcoin". Because they could follow one fork and threaten to dump the other side of the fork. What if the other side they plan to dump is Bitcoin, BTC?