The game changed when BlackRock submitted its application for the spot bitcoin ETF, which is now IBIT. This is nothing compared to that. As soon as the world's biggest asset manager entered the bitcoin game, it was clear that the game had changed: it was not going to be banned or go to zero, and it still had a very bright future.  A company like that doesn't get involved in something like that without doing a lot of research, including political contacts.