There's a part of this ETF negative view that sounds a lot like the money laundering criminal argument to me. If bitcoin is really money. If it is really something of value people will use it to scam (paper bitcoin). They will try to game/rig it(stocks). Something of value in a free world will be used in ways some do not like. Bitcoin doesn't remove scams. It makes it possible to not have to trust others. It still comes down to choices.

The points that Goodwin makes are valid and he is pointing out that way to many bitcoiners don't really understand the power elite and how the world works. There are plenty of libertarian larpers that do not understand WHY we need bitcoin. Many lessons will have to be learned. Fink wants to use bitcoin for his own purposes. He has a lot of power. He will not control bitcoin. I keep waiting for the explanation of how that will happen. He could screw a lot of people out of money. He could affect price by his voice.

I go back to this being inevitable. If it wasn't Fink now it would be someone else later. Just as bad people use the US dollar and bitcoin. Fink will try to use bitcoin to do what Fink does. I do think many in bitcoin are excited because the ETF is a signal of a new phase on the path to bitcoin eating everything else. Many just aren't saying that. This whole ETF thing is such a grey area. Not all bad, not all good. It just is.

Stay humble. We haven't won. Stack sats. Don't sell your bitcoin and buy the ETF paper bitcoin. Use bitcoin. Study bitcoin. Learn why it was created. Learn why we need it. Learn that we no longer need trusted third parties.