Re: How the Bitcoin ETF could actually tank Bitcoin's market value
What happens when "mainstream" investors find out that Bitcoin isn't really a viable mainstream currency, and that it's really only useful as a meme investment instrument with no inherent value beyond its own name? What happens when they find out that the "decentralized" thing is just a myth, and that, in actual reality, almost nobody uses Bitcoin (or any other cryptos) that way? What if the "serious" investment managers discover that the mythology behind Bitcoin is just... mythology?
When they "find out" these things, they have to wake up from their dream because none of the things you said in here are correct in the real world.Quote
What happens, in short, when Bitcoin ventures outside of its tight community of enthusiastic anarcho-libertarians--who desperately want Bitcoin to succeed for geopolitical reasons--and it is instead evaluated, coldly, like any other investment by people who don't have that political agenda?
Another weird statement you are making here in a topic you start in the name of ETF while instead of discussing about the title of the topic you are just expressing your strange views about Bitcoin like claiming bitcoiners are desperate and want bitcoin to succeed because of geopolitical reasons!!!Quote
And what if the first impression of millions of mainstream potential investors in Bitcoin is that it's just a super-volatile asset that only seems to go down in price?
Nothing, they leave Bitcoin alone so bitcoin can go back to only going up in price 