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0 sats \ 0 replies \ @skreep_ OP 27 May \ on: Retail Isn't Coming Back [Article] bitcoin
Can also find this Article posted on Nostr here:
This is the problem though, they don't need to return to the network for price exposure anymore. In previous cycles they had to, at the very least, go to a crypto exchange to purchase Bitcoin.
This still isn't interacting with the actual Bitcoin network, but they were all still only one WITHDRAW button away from self custodying their holdings. Now, with the ETFs, they're effectively permanent residents of a financial Hotel California.
This is why my point remains, Retail is gone, and they might not be back, because they don't have a real reason to interact with Bitcoin itself. There's no place to use it so there's no pull to encourage them to hold the real asset. TradFi has given them their fix.. access to price exposure.
We, the Bitcoiners, need to give them real reasons to come back before they will consider doing so.
I could have formatted that better. I was generally referring to the majority of the Bitcoin in the Spot ETFs but I can see how it reads incorrectly.
The chart is there so the reader can see where the coins to each individual ETF are being held.
I do believe the institutions will push Bitcoin adoption, but I assume that will be from within their walled gardens, their custodial services, their ETFs.
Bitcoin will require on-chain activity to survive long term. Everyone inside the ETFs are just chasing the price... They buy to sell at a profit in dollars. This is the only usecase of a Bitcoin ETF.
The positive in this situation is the ETFs are buying developers time to build the tools necessary to have retail come back — and stay here — in a meaningful way.
Fleshing out cohesive open network systems is no easy task
AI song generators are honestly getting pretty impressive. Suno updated their models and I generated a full length album last night for approximately $3. If anything, it's a great tool for a musician to use to generate some ideas
@birdeye21 you still out there?
He just kinda seems like the type who would have made some suggestion of a farewell or at least pop in here and there. He really went from near spam (averaged 10.5 interactions with SN/day) to entirely off the map 5 months ago. he did refer to being missing for 3 weeks as a much needed hiatus but that he would be back.. continued posting normally for two weeks then poof, gone.
Just hope he's doing well is all!
I've got FOUR audible credits to use on some audiobooks.
Hit me with suggestions (I don't really care for fiction however)
Why be rude?
it's just how he is.
What you probably did was changing KYC coins into non-KYC
this is the purpose of the coinjoin
He's been exercising his call options and has sold his stares at an extremely premium which the stock trades at because shorties are scared of getting blown the fuck out.