Some thoughts from my side..
Tourists might be a pain in the short run, but quite a few of them will end up becoming the Bitcoiners of the future. So no tourist-bashing from my side.
What I don’t ...
Banks have been manipulating markets and public opinion for centuries. In the last decades they paid millions in fines because of manipulating gold prices.
ETFs and “institutional adoption” is just another way for them to control some % of the liquidity and so the price in the short term. They are experts at this.
Banks don’t care much about Bitcoin if it is just another “asset class” being utilized as a collateral for fiat loans.
They fear Bitcoin as a MoE. and they have always fight that narrative for the NGU asset
ETFs and “institutional adoption” is just another way for them to control some % of the liquidity and so the price in the short term. They are experts at this.
Banks don’t care much about Bitcoin if it is just another “asset class” being utilized as a collateral for fiat loans.
They fear Bitcoin as a MoE. and they have always fight that narrative for the NGU asset