I mean, the funds coming from ETFs are really showing its worth. I can see the excitement on everyone's faces that bought BTC. I also have benefited a lot from it, engaged in different events like the Welcome to bull run on Bitget, some farming airdrops on Binance and many more.
But then again, do you think this might back fire on us in the longer term? We all know what these men are all after is to be in control and that's why BTC came into reality cancelling all that making everyone their own Government of their assets.
What you should know is this, the ETF market depend on real Bitcoin, if Bitcoin doesn't move, there is no way for Blackrock and his boys to.make profits. So for the Bitcoin ETF price to pump, Real Bitcoin must pump and that's going to be a win win for the two Bitcoin coexistence and that means Blackrock must have whales that controls two or three centralized exchanges who are large with liquidity for them to control the Bitcoin market and everyone who trade bitcoin, they need to drag everyone with liquidity available.
On the dominance level of shifting Bitcoin from decentralized assets to centralized assets, that's depend on what other rich wallets do when they notice there is a sign of Bitcoin becoming centralized and I doubt if Blackrock will try to out smart the rest of the market because I know one thing about Bitcoin, anytime a person is trying to prove they are smarter than others in the Bitcoin community, they cancel them until they become irrelevant. Terra Luna use to have thousands of Bitcoin back then but today, where are they? In the prison for manipulating the crypto market.