Stop pretending Wall Street is in the driver’s seat. Bitcoin isn’t bending the knee to institutions, it’s the other way around.

$BTC was a ~$1T asset without the help of Wall Street. It existed outside of the traditional system and yet, now, the same institutions that dismissed it are racing to package it, securitize it, and sell exposure to their clients

Bitcoin isn’t “getting adopted” in the traditional sense. The global capital markets system is repricing itself to fit a new asset class it can’t control. ETFs, BTC treasuries which are literally just equities at end of day are all great and will drive the demand side of the equation at a much faster rate than expected but way I see it they’re survival adaptations from an industry thats coming to terms with how scarce this asset is and it can’t afford to get sidelined.

The obvious interpretation is that institutions are “legitimizing” Bitcoin by blessing it with their distribution networks. But any true bitcoiner knows that it lives outside the credit system as a 24/7 liquid globally traded bearer monetary asset with 0 counterparty risk that can settle instantly, w/o dilution

Wall Street can’t control it and so the only way to have “skin in the game” is to profit from it, and wrap it in tools they already understand. The rails aren’t bringing Bitcoin to the market they’re dragging their market to Bitcoin.

Just look at what’s happening

Spot Bitcoin ETFs drawing tens of billions in AUM within months, compressing decades of gold ETF adoption into quarters🤣

Public BTC miners evolving into vertically integrated energy infrastructure firms, attracting capital from funds that once swore they’d never touch “crypto”

Corporate treasuries experimenting with a BTC reserve strategy because the opportunity cost of holding melting cash has become undeniable. And hey if it worked for $MSTR why can’t it be replicated

Each of these is a defensive concession to what Bitcoin has done to the capital markets but just remember it doesn’t need them

As an allocator, the risk isn’t that Bitcoin fails to integrate into the system. It’s that it succeeds without you. If you believe efficiency, transparency, and scarcity win over time, then the real question isn’t whether to have exposure. It’s whether you’ll secure a position before the market wakes up and discovers that the rails are no longer in control of the cargo, the cargo is building its own rails

@HHorsley @BitcoinPierre @mikealfred @Eric_BIGfund @lisa_hough_