ETFs and the banker directed narrative they support is what has seen Bitcoin redefined as largely a speculative commodity. Yes its a TRAP. This is what they want as it renders Bitcoin relatively harmless...and prone to capture and control.

In the Chinese context this would be appropriate as well- as the Chinese place huge importance upon the increase in acceptance of their CBDC eYuan. Jack Ma was sidelined to emphasise that nobody will challenge the eYuan and its crucial role in the tertiary layer of the Belt and Road model.

At current rates most Bitcoin will be held by US domiciled institutional custodians within 5 years. I do not think that is a good thing BTW!

There is little difference between Blackrock and the CCP.