Bitcoin Forum

Most headlines talk about ETFs, Wall Street adoption, and U.S. regulations… but what if the real crypto story is in developing countries? In places like Argentina, Nigeria, and even here in the Philippines, people use crypto for survival -  fighting inflation, sending remittances, and daily expenses.

So here’s the question: is the future of crypto shaped by Wall Street investors, or by ordinary people in weaker economies who actually use it?

What do you think?

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https://cointelegraph.com/news/wrong-crypto-market

In countries with devaluing local currencies, they can use stable coins that are backed by US dollar to hedge against inflation. This is happening in countries like Argentina and Nigeria. But crypto is also still useful in developed countries like United States because not only fiat backed stable coins are cryptocurrencies.

But the point of the topic is comparing whether developed countries are using adoption more than developing ones. The real purpose of crypto is adoption - investment is only secondary, since price growth comes from demand created by adoption. And so far, it’s the smaller countries that are showing what real adoption looks like, not the ETFs.

ETFs are just paper exposure. Real adoption happens on the ground, when people actually use crypto in their daily lives.

In countries with more funds they mostly look at the reserves / options to incorporate crypto in their day-to-go operations.

It's not as good as adopting crypto itself without tying it back to fiat, but alas, it's still a progress.

It's not wrong and news is about things happened or happening in all nations, just released different news at different times.

Bitcoin is for you and for the others, in a same nation you are living in or in other countries. There are news about Bitcoin and cryptocurrency adoption as well as regulation but they make less noise, less effects than news from big nations. It's explainable because big nations with bigger economies can have greater impacts and it's just true in any industry, not limited to blockchain and cryptocurrency industry.

Smaller countries (in economy) have to be affected by policies from bigger nations, and it's how the world work fundamentally. Bitcoin and cryptocurrency can not change that while it can gives smaller nations and their people opportunities to improve their life wealth and quality.

Of course, those that needs bitcoin the more are those poor countries with bad economy and a weak fiat currency. Government of these countries can use bitcoin as a strategy reserve. While citizens in these countries who are not living from hand to mouth can use their extra funds to buy bitcoin and safe their savings from losing its purchasing power overtime. All fiat currency are prone to depreciate in value overtime which is why stablecoin isn't the best to hold value overtime.

I believe it is both shaped by Wall Street investors and ordinary people.  Any kind of adoption is welcome in a growing industry.  In a developing country, I only see them utilize new technology to take advantage of the opportunity given by it.  There is no difference in how people on Wall Street engage in it, since both are for profit, just in a different approach.

If both sides prosper and develop isn't it a good thing for Bitcoin?

If you understand the reason why bitcoin remained a decentralized digital currency, then you may not have been saying all these, these same countries and set of people you're referring to are not all investors of bitcoin, taking US for instance, while none of the developed countries as you have mentioned has even supported the adoption of bitcoin as a legal tender, so what are we saying, the wall street are only discussing about what they have invested and seen regarding the price movement.

Can you imagine on the number of investors that are individuals holding across the world, we made a number to constitutes more than the whales we have, the future of bitcoin lies on everyone's hand, if it continues the same way it started being trusted and profitable, its adoption, relevance and value will always increases.

I think there are no single area that crypto could have focused. And I think this is the beauty of it, just like what the OP said, if could fight inflation in some developing or 3rd world countries that have problems economically life devaluation or inflation.

So it just shows the adaptability of crypto here, there could still be global narrative like adoption. Wall Street might be using it as what we have seen in this version of the bull run as a "legitimate" investment arm and so many wealthy people are into it. But the end of it all, it's all about financial freedom, when traditional systems fails.

I think it's a combination of both. The crypto economy needs both things; big firms and companies, and influential people talking about it in a positive manner or adopting it so that other people start trusting and it boosts adoption, which as a result will make the value of the whole market higher over time. People whether from developing countries or developed countries using cryptocurrencies as a source of income or a daily usage currency are important for the market because it keeps the cryptocurrencies circulating which is also very important.

If we don't have these headlines and news about big firms adopting Bitcoin, or there ETFs being approved and used which is onboarding more institutional investors, we won't have big boosts for its adoption, so they play a vital role. This is the reason why I think we shouldn't separate these things, because as long as it's related to cryptocurrencies, it's all about the same market, just different places, different subjects, different use cases. That's all.

It's the freedom in general, I agree.

We just choose where want to learn / do more for ourselves, that's the best thing about it 8)

Provably the common situation people see is those investment made by those rich countries since this is always been highlighted in news. But for sure that lots of people in their country use the same as what you have mention since crypto is flexible.

Maybe what you have seen is that but people could actually select on what they want to happen.

Don't get surprised about investment narrative flowing in Wall Street since they are known for that matters.

To be honest, I don't think these crypto things are helping people or growing the economy. People just buying some random coins from exchanges hoping for selling high and take some profit from it. But when the price declines, they get feared and as the price even drops down little further, they sell all (everything), thinking the markets is a damn scam. Just look at the hype around NFT's back then, people lost bunch of their hard earned money from it. Bitcoin has a reason so it is sustaining still easily, and I can sense that Bitcoin will probably be the only one standing alone in the market.

We still have many countries in the world have banned crypto things government imprison those funds guilty of trading these coins in the name of money laundering. Look at that, mainly those coins are created by the US developers or some countries, but, they buying some themselves and spreads news across social media, is that important? why would they share(promote) these coins on social media if they had real future value? what are the utilities do these coins have? Do Facebook, Youtube, Google, Microsoft, Amazon.....accepts such coins from their customers? why they can't let their customers pay thru the form of crypto medium? Why do coin developers accumulate their own some generated coins for themselves?.

The US creates a hype, launches new coins weekly, quarterly or yearly, not only US develops coins but other countries develops coins too, but the people trust the US government more and follow their actions & (trends). Many exchanges accept worldwide users (their customers) but are headquartered in the US, regulating and manipulating peoples to stay in the system, for the long term, making chances to rug pull as much as possible.  

Do you buy these coins is because of those so called whale buying? Trump actions/making announcements? government bodies movement, spread of those news from the influencers recommending (promising high returns)? or have a damn high future. I’ve known about Bitcoin very long, bought a small amount at the end around, sold some for profit, and again bought and sold, and then quit altogether. I did this even though the government have banned crypto in my country. So, what contribution did I make to my country’s economy? Did I pay taxes? No.

whatever the people think, I guess most people who are trading/buying/holding some crypto coins believes it's going to change the traditional money exchanging system but I don't think it will go like that way. Each country already have their own currency, so will they accept single 1 coin worldwide?

Some say bitcoin will replace it but after few some decades, bitcoin will probably be traded more like a reserve assets, similar to what gold became. That would make it impossible for people like us to trade Bitcoin as a currency just like gold isn’t used as currency anymore but have some solid value.

That being said, crypto is still used in weaker economies for survival—fighting inflation, sending remittances, and covering daily basis expenses and other personal gains and bla bla.....but in the long run, governments are more likely to push their own Central Bank Digital Currencies (CBDC's)instead of letting random altcoins take over. This is the obvious.

So in the end, Bitcoin has the strongest reason to survive, but most other coins are just hype and built for the rug pull.

The reason people search for new, alternative ways to at least preserve their wealth at the same level is exactly this, the need to protect themselves. In countries where prices rise faster than people can adapt, it’s natural that these searches happen more quickly and for obvious reasons. Even people living in economically developed countries are now facing inflation as well as various kinds of government levies, which worsen their financial situation, and therefore they too are becoming more interested in alternative sources of income and ways to preserve their financial stability.There is truth in this, the worse the economic situation in a country, the more people will pay attention to cryptocurrency.

It would be easy for them to push their narratives, but just in a blockchain wrapping.

They know their bizz in that regard.

when we read news like this:


https://cryptopotato.com/wall-streets-bitcoin-grab-public-firms-now-control-over-1-million-btc/

We realize how the rich are the ones who are buying the most Bitcoin, so even if we see a country like Nigeria, its people buying Bitcoin to make some payment (I don't know if they can actually buy anything with Bitcoin), the impact will not be greater than when these rich people buy large amounts of Bitcoin.

Therefore, we need these Wall Street guys because they can bring the rich into this market and consequently can make governments go easy on the cryptocurrency market. If we didn't have these Wall Street guys and the rich buying in large quantities, we would have a very low level of adoption and the price would still be well below $30,000.

I get your question OP. I tend to agree with you, that the real adoption is the usage. Only the rich or financial buoyant individuals can rely on stable coins like USDT to hedge against inflation. Not someone who is trying to survive, perhaps that is the point Oshosondy is missing. Many individuals in weaker economies are running in cryptocurrency for survival and that is the fact. Except for big companies that holds Bitcoin, they do not really make use of the network frequently to how these counties do.

I think everyone who uses Bitcoin has their own purpose. Some may use it for regular transactions, while others hold it long term because they believe the value will rise with adoption. And regardless of how many Bitcoins are locked up in supply because people are holding, transactions are still possible, the only effect is the price might increase.

Think of it this way: does holding affect adoption in a good way? The answer is yes, because it gives people confidence to use Bitcoin when they see big companies and investors trusting it and buying huge amounts. At the end of the day, it depends on which country we live in and our financial status, we have the freedom to use Bitcoin however we want.

As long as there’s demand, it means adoption is happening.

We are just not there yet for the adoption to be coming to the lower levels, so to speak.

As for now, regulations come from the suits for the suits (mostly), but in the future, who knows how it will be.

I hope, of course, for all the opportunities for the people to use crypto / BTC freely ;)

people from weaker economy actually use it as what? an edge against inflation? an asset that promises them returns in the long run or what? what is now the case is that different individuals and nation adopt bitcoin specifically for the sake of the problem it promises to solve. using Nigeria as a case study for the way people in the developing nation make use of bitcoin, they consider it more of an asset that promises a return on investment and also use it as a form of transacting across different borders which is part of the main goal of bitcoin. other nations can adopt it differently based on their needs and that only tells of the multi dimensional usefulness of bitcoin.

It should be good because the presence of Bitcoin can change the view of many people to achieve a better life, especially regarding crypto to survive against inflation, send money, and meet daily needs. But for the country you mentioned it might take time to achieve it because it needs resources to run the concept so that it can run well, even though some people may be pessimistic that it will happen, but no one knows how in the future in that country it can run well.

Everything is interconnected because with the occurrence of widespread adoption, the Bitcoin journey itself should be better. The general public is also one of the reasons why Bitcoin can be like now because the adoption that occurs actually makes Bitcoin increasingly gain trust. Developed countries and developing countries need enough bitcoin in the general category because this is related to the pattern of adoption that occurs.

Although bitcoin adoption in developing countries is growing faster in terms of number of users than in developed countries. But when it comes to the financial market, the main factor that drives an asset’s value up is capital and cash flow, not the number of users. Therefore, developed countries will play a more important role in the development and adoption of bitcoin.

The question for you is, what if there is no capital flow from developed countries and pushes the price of bitcoin to thousands or hundreds of thousands of dollars. Do you think developing countries will adopt bitcoin? I don't think they'll need bitcoin if its value doesn't increase to help them cope with inflation or if it doesn't generate enough returns to help them escape poverty. I believe bitcoin adoption there will not grow as fast if bitcoin price does not increase because their goal is profit.

Of course, that's a very good thing, but right and wrong are subjective, depending on each person's personal perspective in assessing all of this.

I am personally from Indonesia, which is a developing country, and Bitcoin is indeed useful for me as a tool to prevent the depreciation of my money. Bitcoin has allowed my money to survive and grow so far, and for us in developing countries, it is very important to be able to take advantage of Bitcoin.

If you want to discuss crypto as a whole, it would be better to move the thread. Thank you.

It is a good thing for Bitcoin and for all maximizing it's utility, it is only natural that every sector will always option for an upgrading system to which that is already working for a new better experience and efficiency, yes the approach can be different and of course can happen in different pacing while it existence and adoption is to add more values which doesn't necessarily matter how it happens.

As a Spaniard citizen, I am very active in the Spanish board and for that reason I can read firsthand the opinions and experiences of fellows who live in countries where the local country is devaluing terribly in Latin America, who talk about the store of value that are stablecoins for them, and very peculiar stories like the way mining with some cheap laptops the Government gave students for school allowed them to make ends meet.

I also talk a lot with my African and Shouthern Asian colleagues from the AoBT, and what crypto is doing for many millions of people who didn't have access to banks and credits is a blessing.

Honestly, I think both sides are important but in different ways. Wall Street investors and institutions bring in liquidity, infrastructure and the kind of recognition that helps crypto stand the test of time. Without that, adoption might stay limited to small pockets. But at the same time, when you look at how people in countries like Nigeria, Argentina or the Philippines are using crypto in their day-to-day activities, you realize that’s the real heartbeat of this technology. For them it’s not about speculation or ETFs rather, they literally see crypto as a tool to fight inflation, send remittances or just protect savings. Maybe the future of crypto isn’t one or the other but both working together with the big players building the rails while the everyday users give it real purpose.

Could be sometimes everyone chases altcoins or trendy projects while the real opportunities are in BTC, infrastructure, or underrated chains. Focus matters more than hype.

Well they have a hidden reason why they did that.

If they give a big spotlight to countries who use Bitcoin as legal tender or fight against inflation from their local currency, this could make many countries will follow the same path and make the government lost their power to control the whole thing.

What they promote is something that make the government able to control Bitcoin, that's why they promote about ETFs.

We aren't focusing on it, it's the media bombarding us with news. Who controls the media controls the narrative.

Remember when the US media screamed at you to get vaccinated because covid was going to kill you otherwise? When you're bombarded with certain narrative you should think twice because that's what they want you to think about and take for granted. When they were telling you that Trump would create a national bitcoin reserve that's when BlackRock was making money selling ETF shares. They wanted that narrative. 6 months later there's no reserve at all. The recent news is they haven't done anything in the matter.

In addition, the focus is usually on big firms investing huge amounts in Bitcoin. This is because it is such news that has an influence on the market. Bitcoin adoption or use in these developing countries would have no big effect on the market. They want to promote news that will lead to FUD or FOMO to enable them to manipulate the market. When my country's currency lost about 20% in a few months, Bitcoin was the most popular hedge against inflation. But it didn't receive publicity like ETF.

In the current scenario, the daily use of cryptocurrencies as a means of payment, except in specific cases as mentioned, is minimal. Most investors buy to hold, hoping for a further price rise (speculation). This ultimately denies cryptocurrencies their true usefulness and function. Those who have to "spend" them to survive are actually missing out on this opportunity for appreciation. I speak from personal experience, as I only manage to save a small portion of what I earn, not only from signature but also from my work as a translator.

The thing is, the bigger the country and economy, the bigger the news of crypto adoption coming out from there. I.e. the U.S. is a super power country, so crypto adoption in the U.S. will be more pleasing to the ear and more talked about in the crypto community than adoption coming from a third world country for example.

However, it does not mean that one matters less, but it is what it is. As soon as the U.S. made plans for a BTC strategic reserve, you can see how many countries have taken similar steps. Bigger countries have bigger influence, it is that simple.

Yeah. Its more like a gold rush, not really a currency.  People buy it hoping the price goes up, so nobody wants to spend it.

Your experience shows this really well.  If you use it for daily stuff, you miss out on its potential appreciation.  Thats a problem, and its why, at the moment, bitcoin is mostly used for speculation.

That is really a good question, I think the real future of crypto is actually paved by Wall Street investors and big institutions. Once they started to invest, even countries also thought about it, so they began buying and making more rules so investors can clearly know what they are allowed to do and what they are not.

In this way, an ordinary person like me in a developing or even a developed country can use crypto freely without much hesitation.

But once the developing countries start investing and buying, they will surely make mistakes and also provide more liquidity for the powerful ones, who will leave them behind in misery haha. That’s what mostly happens, they feed on developing countries and also keep them there for a longer period too.

Both developing countries and wallet street that buys or invest in Bitcoin all are helping adoption because when people hears that Wallstreet bought Bitcoin it encourages them to buy the more or to continue to use Bitcoin in running their day-to-day transactions without future doubts, or to escape inflation, generally, In my perspective, everything is part of adoption.

Wall Street and other big investors are part of the community already. So, even us ordinary people have the same contribution to what they do for the adoption. The difference is of course of how much they're putting in to bitcoin as part of its market capitalization. If it's only us, I don't think that we're in this capitalization because with them, they're the known ones in the market niche that they've been part and that also attracts other retailers as us into buying bitcoin. So, with them, WS and the others, they're setting a way for the other investors who are still skeptic about bitcoin which for me is a good sign of bringing more into massive adoption.

The focus is where the biggest portion of the money is located. That is why ETFs and Wall Street are the main topics, while developing countries don't get too much attention, despite Bitcoin being a helpful tool in countries with weak fiat currencies and quick inflation rates. Probably it's because investors know only a minor portion of citizens from third world countries become adopters, even though more than 90% of the country's population is struggling with economy.

I think OP is right, the developed countries and what their stance on crypto is takes more newspaper space than what developing countries are doing. Of course the second group does not do anything that is going to make headlines including how people survive on crypto - because who wants to read that?

But ETFs are always on the front page because that is what investors are after. That also drives the buy/sell on the market, so you have to that credit to them.

If news media does not cover it, I think as members of this forum, those who are taking initiatives with crypto should post about them in the forum. Seen such topics previously but those should continue.

I agree with you that we live in a world where whoever controls the media is the winner.

But on Trump's strategic bitcoin reserve story, we need to be fair. He only promised to create a strategic bitcoin reserve, he never promised to buy more bitcoin or create a national bitcoin reserve Act. So far, he has passed an executive order to create a strategic bitcoin reserve. We cannot say that he broke his promise.

The problem is that many of us do not understand the US Constitution. We become delusional and set our expectations too high, and when things don't go as expected, we start blaming Trump. Because if anyone knows the US Constitution, they will know that the president does not have the authority to make decisions on changing the national reserve on his own."

Both develop and undevelop countries need bitcoin to allow their citizens to have access to it, but majority of countries that showed interest on bitcoin are poor countries looking for way to revive their economy to reduce inflation that is affecting their countries, El Salvador is one of the country that use bitcoin to make their country popular today because their government took a good decision to make bitcoin legal tender that is attracting both local and foreign investors, if you are looking for favourable coin to hold, bitcoin is the best coin to hold for long term to earn good income.

The right process is it always starts at the lower level. Investors only step in once they see adoption happening, so they buy and hold expecting a higher price in the future. Even the US, which was once not a fan of crypto, started regulating it because adoption was already happening.

Take the gambling industry for example, crypto gambling is very popular now. That’s one form of adoption. But when it comes to using crypto as a payment system for daily needs, there are still options out there that are quicker and cheaper than Bitcoin for transactions.

It is no coincidence that the United States is the center of the global financial markets, nor is it a coincidence that most of the world watches and follows them in most areas, not just the financial markets.

Although they are not the largest or most populous country, they are the leading economic power, and the country with the most influence on the global economy. Therefore, whether we accept the truth or not, the future of cryptocurrencies or any industry depends largely on them.

Not only crypto but any industry can hardly develop without their support. Many people may not like this but it is the truth.

Rich people buy Bitcoin for payment purposes, as they do with fiat money. While poor people are buying Bitcoin for investment purposes. From this situation, all countries can have the chance for their adaptation, but here is the question. Are we all willing to spend Bitcoin knowing that its value is increasing, and we can earn some profit on it?

That is why I can't blame people for holding BTC for money. But of course, I appreciate people who use this as currency. However, we can't say we are focusing on the wrong market because what happens is people look for what is best for them.

People need crypto in various ways. Some people only chase price action, that’s why they only care about any kind of wallstreet news. Some other people use crypto to sell their merchandise. These people mostly care about real world crypto adoption. The more people use crypto, the more potential customers for them. Casino owners especially are the majority of this group. If we only focus on the adoption that happens in the developing countries, then we’ll lose the track of what’s happening in wall street and to me, that’s equally important. We can’t focus on one spot and forget the existence of the other one.

Do you have proof of this. Institutional investors are buying and holding BTC either through etf's or in their own self custodial wallets. Companies and countries are buying BTC and setting up strategic reserves for the future. I don't know where you got the idea that it is the wealthy that buy BTC to spend it, when they can spend fiat or even usdt.

Take note that majority of people who buy BTC, and this includes institutional investors, do so to make profit from its price volatility. I can even argue that retail investors are more likely to spend some of their BTC's, either in a physical store or online.

We live in a "western-centric" world, where countries like Argentina, Nigeria and the Philippines would always stay in the periphery(and nobody cares about them). I find it pretty normal that most news about crypto are centered around the USA(the biggest financial market in the world).
If China and Japan were more Bitcoin-friendly there would be more crypto news about China and Japan, but this isn't the case(unfortunately).
And yes, the future of crypto is shaped predominantly by Wall Street and the institutional investors. They are the forces behind the Bitcoin price growth to levels above 100K USD.  

When i interacted with many European and United state of America citizens about bitcoin, many of them often ask what its about which always sound too embarasing to me. In the United State, what makes them easily access crypto and could be able to use it for spending in because of Cashapp, almost everyone in US have Cashapp payment but 70% of them dont know not and care not about spending with crypto on cashapp.

If not coinbase and Cashapp that had made crypto easily accessible to the US citizen, these people do not make use of crypto payment as a form of day to day expenses, rather, they view it as another ETF related discussion point.   

But even as China and Japan become more bitcoin-friendly, the future of cryptocurrencies will still be shaped by Wall Street. As much as I hate to say it, as you said, the US is still the largest financial market in the world. We will have to depend largely on them, and as long as the US and the West remain the dominant powers in this world, that will not change anytime soon.

I even believe that bitcoin would hardly have survived and thrived to this day if it had faced attacks from the US. But fortunately, before approving a bitcoin ETF, they also did not issue a blanket ban or show hostility towards bitcoin in the past 15 years.

People in the US are investing a lot in cryptocurrencies especially in bitcoin.
But if we talk about adoption as in really using bitcoin to tackle problems then may be the developing countries might get ahead in this comparison.
I just did a little search and found that developing countries are indeed ahead as per the chainanalysis reports from the Global Crypto Adoption Index (https://www.chainalysis.com/blog/2024-global-crypto-adoption-index/).

Bitcoin's real utility will be maximized by any country but most especially those countries with problems with inflation since we know that this is directly what bitcoin can be used against at. But without the big countries, the smaller ones may not be as brave to try and use bitcoin. The reason why some small countries go into crypto is because they are trying to follow the big countries.

IMF will always be on their tail, whether they like it or not.

Alas, that's what you get to try being different.

The effects of crypto currency is evenly distributed both in the developed countries and the developing world like Nigeria, Argentina, that use rightly meaned. What you should understand is that the effects of crypto currency will be different in the developing world as compared to the developed world.


In developing countries were the economy is highly unstable and inflation rate is on the high. Crypto currency has become one thing that individuals has fallen back to and we can see that even in the way that, the people has adopted crypto currency. I think that one thing that I have seen is that developing countries sees Bitcoin as a short measure to cushion the effects of the bad economy while develop countries are the once concerned more about longe term investment this is were people talk about institutional investment.

Crypto has been banned twice in Nigeria, but the mass adoption is off the roof. Yet Nigerians use it more often, and the mass adoption in African countries is good and helpful for the local communities. EFT is more like a show to let retailers know that there are Big corporations that are also getting involved with them. Once every other country starts to see it as a way to help their economy, it will promote mass adoption, which could fuel the price that some didn't expect, which is what's showing us at the moment

It is way better for someone who doesn't know the way to follow someone who does at some point and although am referring to smaller countries following in the footsteps of the bigger and more developed countries, it is a simple life fact/principle.

Developing countries also face significant hurdles when we talk about adoption of cryptocurrency because there's, volatility which makes price fluctuation unpredictable and thus risky for holding or for daily transactions, there's the issues of inability to access reliable internet and electricity, there's of course regulatory uncertainty with some governments pointless upon how to go about it, and finally, there's the issues of digital literacy of which any user who wants to be safe and secure from scams, hacks, loss of key phrases must learn and stick to inorder for crypto currency to count as a good introduction into the economy of their country.

I actually somehow agree with your points, because I can see that so many people, especially young people, have found cryptocurrencies very useful for them because of the bad economy and a lack of job opportunities. People are using cryptocurrencies and crypto trading as a way to make money and are now not dependent on jobs or are always struggling to find jobs. I know that it doesn't work out for every single person, but I know a lot of people from my country who got so much help because of cryptocurrencies.

That being said, I don't totally agree with your point where you said developed countries are more focused on long-term goals, but you didn't count developing countries in that category, but I believe that even people or entities from developing countries are always considering Bitcoin as a long-term investment option. Gold used to be the favourite before, but Bitcoin has probably taken its place for the most part.

There is a reason why we have the whales and regular cryptocurrency investors but, I like to focus it all on Bitcoin because, this is where the big numbers and all these news emanates.

Bitcoin market isn’t a separatist and there isn’t any peculiarity to whom does the most as per market movement. Every Bitcoin investor plays a role in the Bitcoin market and in as much as we have the ETF to provide leverage for those with minimal funds to take huge steps in Bitcoin investment, we would continue to acknowledge the regular investors that uses Bitcoin to archive defined goals.