~snip~
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?
The approval of Bitcoin ETFs has had absolutely no effect on my attitude toward Bitcoin. I view Bitcoin more as a technology than a speculative asset. Furthermore, I don't see anything positive in Microstrategy's activities. They are taking enormous risks by taking out loans to buy Bitcoin. Just imagine what could happen to the cryptocurrency market and the company if the price of Bitcoin falls below the average purchase price of Bitcoin and stays there for a long time. This could have very serious consequences for everyone.