(1/5) It's beautiful to see all these boomer funds and financial product salesman embracing Bitcoin but note that this is a form of Stockholm Syndrome. They realize there is something happening, they can't beat it, so they want to capture some of the upside for themselves.

(2/5) You don't need to own Bitcoin through JP Morgan et al. That defeats the purpose of participating in Crypto. They know this, but they also know that most don't. So they will continue playing on asymmetric information to grift until they can't anymore.

(3/5) They will not let Brian Armstrong and Coinbase have all the fun. On Coinbase, that is another service that ultimately will be useless. At Coinbase's core, they are a fiat on-ramp and hosted wallet. That's it. All the shitcoin listings are just fodder to plump up their IPO.

(4/5) Coinbase needs to IPO immediately and cash out while they can. DEXs and sovereignty will win, but people aren't mentally there yet. The great irony is that whatever money they make from their IPO will be in USD and that will ultimately be put back into the Crypto Markets.

(5/5) TLDR: We are grateful for this financializiation but this is truly just a moment of time before technology and peoples awareness both catch up enough for real sovereignty to be embraced. The systems are still being built. Until then Wall St. will do what they do best: grift