Quote from: john_egbert on June 27, 2025, 12:49:34 PM

Quote from: Danica22 on June 27, 2025, 12:48:48 PM

What do you think about bitcoin ETFs approval? Do you think we would have billions of dollars flowing into the markets every month without the involvement of institutions like Blackrock? Do you think we, the retail investors, will have enough trillions of dollars to take bitcoin's market cap to $2 trillion? Or can Tesla or Microstrategy freely invest in bitcoin if the government doesn't allow them to do so?

Not stopping there, we are expecting bitcoin price to reach $1 million per bitcoin, I wonder how that can be achieved without government support?

Agreed.

And BTC cannot be "closed" for these entities - it's a game that everybody can enter, so to speak.

That is the beauty of Bitcoin right there. Whether you like or dislike someone or something it does not matter, it doesn't give you any power to prevent them from adopting Bitcoin. People can form opinions about this, but they are often worthless as this is one of the core features of Bitcoin. Buying Bitcoin does not give you power over it, regulating Bitcoin does not give you any power either. In fact, it has zero effect on Bitcoin itself. The price and rate of adoption are all externalizations, 1 Bitcoin remains 1 Bitcoin.

Quote from: Iranus on June 29, 2025, 03:00:34 PM

I also believe that without ETFs, traditional institutional investors would not be involved in bitcoin. Yes, they can invest in bitcoin without an ETF and they could have done it years ago. But have you ever wondered, why didn't they do that, why did they only start investing in bitcoin when ETFs were approved and only invest through that?

The ETFs and a more Bitcoin friendly government is helping this cause. The previous government in the USA was very corrupt and they were manipulating everything in a bad way. Trump is not perfect, but nothing and nobody is worse than the current democrats.