On the protocol level, #Bitcoin has and will continue to survive all attempts to co-opt it.

Bitcoin must demonstrate this resilience to validate scholars’ assertions about its ungovernability.

However, the concentration of social influence by large traditional corporations may slow down/impede critical progress that could benefit billions in favor of profit.

We must remember that only a few years ago, several prominent Wall Street players were publicly and viciously attacking Bitcoin.

We experienced similar challenges with the launch of IBTC in Australia.

In Australia, the Monochrome Bitcoin ETF (Ticker: IBTC) is the:

✅ First ETF licensed to hold Bitcoin directly.

✅ Only Bitcoin ETF in the country authorized under a retail crypto asset AFSL.

✅ First Bitcoin ETF accepted as eligible collateral for securities-backed borrowing.

✅ First Bitcoin ETF to be admitted into other institutional structured investments.

Despite these achievements, we and the journalists faced significant obstacles in getting an article published on IBTC.

It felt like a mainstream media blackout on IBTC for unknown reasons, until a traditional player launched a bitcoin feeder fund that was glorified in MSM coverage as the first spot Bitcoin ETF in the country, with no mention of IBTC.

There is more to this, but suffice it to say, the power and influence wielded by these traditional players can make the crypto “wild west” seem like a child’s sandbox.
#Bitcoin