Did ETFs really make Bitcoin attractive to investors?

[X-ray]

Even after ETF approved bitcoin is still pretty volatile.

I think the ETF and institutional investors getting in won't just get rid of volatility and increase stability, maybe it will cause less volatility compared to back then when price is just like a rollercoaster.

The reason why ETF seems attractive is I presume because many institutional investors are waiting for a way to invest in bitcoin in more regulated manner, not buying from exchange or something like that.

Although they could always self custody.

[Ishicryptic]

ETFs made Bitcoin attractive to investors and it also made Bitcoin easier and safer to acquire for average people. I use a mobile bank and in my bank, I have an option to buy and hold ETFs. I can transfer my whole balance within seconds on my ETF account that's managed by my local bank and I can trade with ETFS instantly. After accepting Bitcoin ETFs, now I can do it in my bank. This way, I save lots of time, fees and most importantly I know that I'm secured because its managed by local and heavily regulated bank. I'm not afraid of hacks or anything similar because I'm protected. This is a huge benefit for the average person, it makes everything smooth and easy but it's only good for trading, I still prefer to hold my coins on my Bitcoin wallet.

I think that the biggest impact that ETFs have on Bitcoin is that it increased it's adoption, many people who were not comfortable with self custody embraced it. Also it helped build trust in Bitcoin, other people who were skeptical about Bitcoin became more trusting when institutional investors began to get in, they will reason that if this institutions have trust in Bitcoin they can too. Other than this assumptions Bitcoin was doing great before the ETFs were approved, it had already attained the reputation as a store of value. Overall I can say that ETFs made Bitcoin to be more attractive to both institutional and retail investors.

[aoluain]

According to this article:   Axios Crypto Newsletter

The approval of Bitcoin ETFs 15 months ago demonstrated that a lot of capital was waiting to hit buy on bitcoin as soon it got a regulated wrapper.

And last week was the best week all year for crypto ETFs.

This means that as more and more institutional investors are getting into ETFs, it could possibly mean that Bitcoin will become more stable (less volatile).

Yea possibly less volatile but Bitcoin still retains it core elements, its open
source, decentralised and tradable 24/7/365 generally without restrictions
so that will always contribute to a degree of volatility.

Having been around Bitcoin for more than 8 years I have Zero concerns about
its volatility, its a feature and not a threat of the markets going to $1.

According to this article:   Axios Crypto Newsletter

The approval of Bitcoin ETFs 15 months ago demonstrated that a lot of capital was waiting to hit buy on bitcoin as soon it got a regulated wrapper.

And last week was the best week all year for crypto ETFs.

But the question is: can we still expect huge price increases like 10x or even 100x.. like many early investors hoped for?

No, those days are gone of 100x movements. Those massive movements were
at a time of low value so it was easy to 100x (you have missed the boat on that one)

If that's no longer possible, then Bitcoin might just become a playground for institutional investors.

Where does that leave us (small investors)?

Regardless of what the institutional investors do you still own your Bitcoin and
with proper HODL'ing you are in full control of it, thats what matters!

[notocactus]

There’s still good profit, but probably not as good as before.
It’s different now compared to when Bitcoin was valued at just $100, we were optimistic it could reach $1,000.

But today, if Bitcoin hits $100K again, can we still realistically hope for $1 million? I doubt it. The room for growth now is much smaller than it was in the past. However, if you’re happy with a 10x return and you’re willing to hold long-term, then Bitcoin still has potential.

There are correlations of potential risk and profit.

Years ago, there was more and higher risk than now but there was also chances for better ROIs than now. When Bitcoin is older, it gets more matured, and its adoption become better as well as its market cap is bigger, all these things mean that Bitcoin gives people a safer investment option than years ago, and consequently its potential ROI for investment is smaller.

I don't advice any people to switch their interest from Bitcoin to shitcoins but let me use this chance to talk about another common mistake. People who are late comers in this market, usually ignore Bitcoin and choose altcoins, because they see altcoins are cheaper in price and have better potential ROIs. Life is not easy as that, and they lose money to shitcoins or meme tokens.

[Curious T]

This means that as more and more institutional investors are getting into ETFs, it could possibly mean that Bitcoin will become more stable (less volatile).
But the question is: can we still expect huge price increases like 10x or even 100x.. like many early investors hoped for?

Yes, we can expect more price increases. 10x is still possible because there's still demand for Bitcoin. ETF also brings new investors, and all these demand for bitcoin. More corporations and individuals are buying bitcoin, which increases more demand for bitcoin. As long as there is demand, we can expect more price increases.
The thing is, don't expect 10x and 100x over a year. We know by now that Bitcoin doesn't work like that. It did not do 10x in a year; it did it over a couple of years, and the more halving it gets, which reduces the supply, the more scarce it will become. If the demand remains constant or increases while the supply reduces, the price will definitely keep going up.