What the bitcoin etfs means for the price in fiat? Pension and mutual funds can invest in bitcoin indirectly with the bitcoin etfs or holding companies who hold and purchase or mine bitcoin. The pension and mutual funds who have exposure to #bitcoin have a much higher return. People will move to the funds with higher returnes or the funds with no exposure to bitcoin will have exposure to bitcoin because they don't like to lose a lot of investment capital where they can ask an annual fee on it. Conclusion Game theory tells that the demand from institutional players like pension and mutual funds for #bitcoin will grow a lot. Price in fiat terms will go much higher. https://image.nostr.build/0cdb28abf689f88532c283a24ec3d022edd9ff6a5939827c6d7c5fe5f2bd47ef.jpg https://casebitcoin.com/asymmetric-investment