There is no directional intention; I just want to express that many friends said the same during the #BTC spot ETF discussions, claiming that BlackRock and a host of institutions wouldn't support retail investors, that they would first heavily sell off and then secretly accumulate to drive the price up.

But the actual results are already clear to us. Throughout 2024, just the U.S. spot ETFs have purchased 1,114,342.80 BTC, raising the price from $46,000 to $73,000, and then after Trump was elected, it rose again to $104,000.

So, please do not use the "doge" mentality from 2016 to judge the market in 2024. Indeed, I also think the probability of not passing is the highest, but even if it doesn't pass, it won't be because they are afraid of supporting retail investors.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

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