The more I think about the "institutions" and ETF crap the more it just seems like they see a money making opportunity. They see a market. Boomers want bitcoin and they see an opportunity to throw their weight around and push the crypto exchanges to the sidelines with regulators. This is a often repeated pattern. They want to win market share by using the state's stamp of approval. I dont think they wanna destroy bitcoin but they also dont see it like we do. They wanna make dollars selling IOUs to boomers with a lot of money.

I also don't think these boomers get bitcoin. They see it as just another investment. This is especially true of the younger folks I know into "crypto". They see it as another way to make a quick buck. When I find out a friend is into crypto I ask questions and this is the most common thing I learn. I don't push or preach but almost always tell them I'm bitcoin only. If they ask why I tell them.