Bitcoin accidentally (or not) set a world record that most of us failed to register, chiefly because we had other things on our mind.
In the first 24 hours after the ETF approval, over $4.1 billion flowed into the market.
This is actually a world record for a newly-launched ETF.
There’s certainly a lot of attention surrounding the Bitcoin ETF.
With varying degrees of acceptance and let’s call it ‘happiness’, institutions are beginning to realise Bitcoin is inevitable.
I see that as a good thing. However, there’s something else that must happen, and it’ll be even more difficult.
Now they know Bitcoin has to be taken seriously, and they know they can’t beat it, so they’re joining.
Next, they need to realise Bitcoin plays by its own rules.
This is concerning to me because between now and when they finally realise this, a lot of damage can be done.
I keep hearing things. Reading articles and stories from legacy media outlets. I keep listening to interviews given (or conducted) by legacy journalists and institutions and government figures.
It’s pretty clear they’re thinking they’ll bend Bitcoin. They’re thinking they can change it. They’re thinking they can call the shots.
They’re thinking they can run the show.
But they can’t.
It’s a mistake on their part. But unfortunately it will affect users for a long time.
But not all is lost. Sooner or later, hopefully sooner but probably later, they’ll realise Bitcoin is a game that plays by its own rules.
Elon Musk once said “you can break any law you want, except the laws of physics”.
One step below the laws of physics, which are unbreakable and unchangeable, are the ‘laws’ of cryptography and code.
And Bitcoin is exactly that, code.
It’s alright, they’ll figure it out. In their own time.
bitcoinea 
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