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The Bitcoin revolution does not need BlackRock and does not depend on the rotations carried out by these institutional investors on financial products.
BlackRock has been buying ETH for over 10 days, according to Arkham! They've added over $500M worth of Eth in the past few days. It's hard to explain this sudden institutional appetite for ETH, which is having a rough start to the year... Source: https://substack.com/@inbitcoinwetrust/note/c-124760608
Here are the four things that matter for Bitcoin: -Bitcoin does not (fortunately!) depend on institutional support. -Bitcoin continues to function no matter what happens, issuing a new block of transactions every 10 minutes on average, whether it makes headlines or not. -Bitcoin is independent of adoption by players in the old system. The direction of ETF flows, therefore, has no long-term impact on the Bitcoin revolution. -What makes Bitcoin valuable is precisely its immutability in the following areas: no central control, no dilution of supply, no downtime.
Bitcoin does not change. The people around Bitcoin change, but Bitcoin always offers you the same thing: -A neutral monetary protocol. -A reserve for those seeking a definitive settlement without third-party risk. -Strategic hedging in an increasingly unstable world.
Institutions are only looking for profit in weak money. This means that they will never hesitate to rotate between Bitcoin and Ethereum, or any other cryptocurrency for that matter. It's their job. These institutions chase yield, narrative, and quarterly targets.
The behavior of institutions is therefore of little interest to me. If you are a long-term thinker, you understand, as I do, that the fundamentals have not changed, which is why we continue to be so bullish on the Bitcoin revolution for the future.
The next step for us Bitcoiners is to promote the development of a circular economy centered on the Bitcoin system so that the Bitcoin revolution can reach its full potential.
Bitcoin does not (fortunately!) depend on institutional support.
We need bitcoin, but bitcoin does not need us
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We need bitcoin, but bitcoin does not need us
well , i will say BTC needs us (otherwise no mining, no nodes and no buyers/sellers)
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