Not really catastrophic though.  It’s the only way people will learn. Pain.  The rug pulls will continue until self custody is the norm for people with wealth.  

95% of the perceived wealth of the world is just air…doesn’t exist.  That will have to vaporize one way or another.  A combination of defaults, theft, and money printing that will be unprecedented.

Enemy_of_the_state

bitcoin

ETF pressure

crrdlx

I mean they're already available in other countries, so I don't see why it won't come to the US eventually, it really just depends on how they can spin it on the public that Bitcoin is now de-risked and it's okay now, after years of shitting on it

ETFs might be great for unlocking capital to flow into Bitcoin, but it also means less people self custody and could be exposed to possible failure of a custody provider, which would be catastrophic and make an FTX style fail look like childs play 