Remember "Not your keys, not your coins"?  Bitcoin was intended as a decentralized digital currency.

Others will prefer going through Wall Street companies because that's how they know to invest into this.

Remember "Not your keys, not your coins"?  Bitcoin was intended as a decentralized digital currency.

Futures ETFs and spot ETFs are as far from Bitcoin's intended purpose as you can get and they serve to make banks more money while giving them more control.

Does anyone else see what is happening here?  The silence is deafening!

but to us as bitcoiners, we are seing it as an added advantage to help get more recognition

here is the way to imagine it

swap real/spot bitcoin for natural wheat
swap ETF locked bitcoin for GMO wheat
swap SEC for EPA
swap CEX/de-fi for local/independent farms
swap ETF for big agri
swap AP for industrial farms
swap asset for commodity

now here is the story
big agri commodity traders want to control wheat trade deals. control the price and such. so they lobby the EPA to restrict family farms from doing trade/harvesting of natural wheat so that big-agri can have advantage. they want to unnaturalise wheat into two categories. dirty wheat and clean monsanto GMO wheat

they send inspectors out to advertise family farms should clean natural wheat and offer services. they then claim the family farms are using natural wheat,  tainted with plague or not registering their wheat seed as being GMO wheat legitimatly, so sue the family farms. the EPA also come along and require family farms to meet higher standards of processing natural wheat compared to GMO wheat from big agri. because big agri can self regulate

industrial farms wants the commodity wheat exposure for trading but doesnt want the local independent farms wheat as they sees it as dirty unregistered stuff
....
reality check
wheat is not fraud. it suppose to be natural and un-patent-able... but in big agri eyes they see it as plague wheat or non GMO wheat, or unregistered use of GMO wheat. all of which they dont want independent family farms trading without central permission and higher standards and inspections


make sense?
the game is not new

One of the reasons that bitcoin was created was to be an alternative to banks and the traditional financial system that only devalues fiat currency.

But what I see today are many people celebrating that bitcoin is being traded through the traditional market...

It's really contradictory, right? Are the fundamentals worthless to the majority?

which means supply squeeze- I'd say that's good for bitcoin holders.

Trust me, users here understand Bitcoin and are strict supporters of its privacy and decentralization.

Remember "Not your keys, not your coins"?  Bitcoin was intended as a decentralized digital currency.

Futures ETFs and spot ETFs are as far from Bitcoin's intended purpose as you can get and they serve to make banks more money while giving them more control.

Does anyone else see what is happening here?  The silence is deafening!

The increased visibility will only serve to benefit the banks controlling access to Bitcoin and making money on each transaction.

Bitcoin needs to be decentralized and peer-to-peer otherwise it does not serve its intended purpose.

The value of Bitcoin comes from the perception that it could be used as a currency or products and services being priced in Bitcoin.

The Banks are quietly and not so secretly putting controls in place so that it is not a threat to their control and they can profit from it like they do any other security.