Quote from: darkangel11 on December 02, 2023, 08:45:27 PM

Imagine a situation where you own a house and a piece of land it's built on. You estimated the value of the whole thing to be $500k. One day someone knocks on your door and offers you $2m all of a sudden. Will you sell or suspect they know more than you? Maybe there's an oil deposit underneath your house? Maybe there's geothermal energy source? Maybe an international company has plans to build a facility nearby and will need your land for whatever price?

I'm asking this because if the funds get approved all at once there will be a large pressure on bitcoin's price and supply is, as we all know, limited.
Nobody buys bitcoin to sell it cheaper, so if they offer you $100k, they think it will go higher. If they offer $1m it's again going to go higher according to them.
Will you simply give it away once someone hands you $100k, or decide that it's cheap and they know more than they're willing to share?

This is a very good question! Your question is very reasonable and insightful, and I must tell you that I had thought about this over and over before reading your post.

Well, it's good for people like us who were already in the investment environment before Bitcoin and cryptocurrency came in, we are not bothered. The ETF saga is not freaking us because we know the truth. The ETF in Gold and Oil can't be related with investors like the ETF in Bitcoin. Do you know why? Bitcoin is accessible informally, unlike Gold, Oil and others.

For instance, if I would like to partake in Bitcoin investment, I can easily open my wallet and fund it with my coins, and here we go, I continue to make money when Bitcoin's price is high and lose when it is low. What would Blackrock do differently? In addition, I will do this by not paying charges to any third party like Blackrock, so why do it under their custody? You know, in Gold and Oil, you can't just buy an ETF like that, you have to go through the dealing agents, which makes it different. ETF in Bitcoin is not a big deal for us, but more custodial capital for the company.

Now, tell me, why go through Blackrock? All the ETF events are not well viewed, which is why people see it as a big deal. Though a good step that Bitcoin and the Crypto industry in general are advancing.