I do not know whether it happens next week, next month, or …

I do not know whether it happens next week, next month, or next year.
What I do know is that the wolf remains a wolf, no matter how warmly he smiles at the sheep.
BTC people spent years begging Wall Street to arrive, as though the great financiers of the age were going to step gently into the room, remove their shoes, and join the monastery.
Adorable.
BlackRock and the ETF crowd did not enter because they discovered spiritual enlightenment in a ticker symbol. They entered because BTC became a product, and products are for monetising.
On the way up, they collect fees, flows, spreads, and applause from people who confuse packaging with validation.
On the way down, the game becomes more interesting.
A retail holder gets one times exposure to hope.
A professional can get ten times exposure to collapse.
They can hedge, short, arbitrage, trade volatility, harvest redemptions, and make money from the same panic the faithful call “conviction testing.”
If BTC rises, they dine.
If BTC falls, they feast.
And if it goes to zero, the sheep will still be explaining that this was all part of the long-term thesis while the wolves are picking fleece from their teeth.
But yes, of course, finance people are famously gentle creatures.
The Wolf of Wall Street was presumably about animal conservation.
And Gordon Gekko was simply a misunderstood philanthropist with excellent tailoring.
Have a nice day.
Written by S. Tominaga