I disagree with the thought that EPF will destroy Bitcoin. There is no way Bitcoin can be destroyed just because a centralised ETF is available in the market. Every precious metal has multiple ETFs, did it destroy the physical precious metal market? Not at all!

Rather the most concerning issue is the height transaction fees. If that isn't fixed soon enough, Bitcoin will surely suffer from decreasing adoption rate. Bitcoin is mainly used as an investment but some people definitely use it as a payment method. The transaction fees is a pain right now. That needs to be fixed on priority by expelling the ordinals from the network.