Read_912 - Bitcoin's Silent IPO

"They’re passing the torch. And the torch is being received by entities who care less about ideology and more about returns. BlackRock doesn’t care about “being your own bank.” They care about portfolio diversification and risk-adjusted returns. Is that a loss? In some ways, yes. Bitcoin will probably never again have the radical energy it had in its early years. The days of 100x returns in a single year are likely over. The volatility that created life-changing wealth will moderate as ownership becomes more distributed. But it’s also a victory. Because Bitcoin survived l...