If you have 1 million dollars, and today there are 1 trillion dollars, you have 0.0001% of the wealth.
If tomorrow they print 5 billion dollars, congratulations you just got poorer.
If you have 10 btc, there will always be 21M bitcoin. You cannot get poorer.
So 75 billion dollar inflow into a 20 trillion dollar asset will increase its price by 42%?
Either that is so far off it’s a joke or there is paper bitcoin.
This was somewhat expected, but this really does solidify something that no other BTCTC can have. For better or worse, no one else is getting in with an unregulated ATM.
Do with that knowledge what you will.
“Satoshi created a fire in cyberspace. While the fearful run from it, and the fools dance around it, the faithful feed the flame, dreaming of a better world…” -Michael Saylor
Feed the flame.
Bitcoin is not a finished product. We may be on a detour to address spam, and part of the crisis did originate with (mishandling of) the Segwit and Taproot upgrades - but to improve the world, we still need more functionality. Stopping all improvements forever ("ossifying") is
The “Bitcoin per share” metric has an easy solution to make it legit.
Let us redeem common for real coin. That will fix proof of reserves, and let the gamblers play their fiat games hoping for increased BTC/share.
This also would decrease (at least retail) selling pressure,