El Salvador’s legit, just small-scale. Saylor’s all-in on Bitcoin, but his company’s debt-fueled buying (over $16 billion spent) doesn’t guarantee price pumps, it’s a bet on long-term value. BlackRock’s a middleman; they hold $BTC for clients, not themselves, and outflows show client sentiment, not their own moves. The price drop isn’t about their credibility, it’s about market forces dwarfing their efforts right now.
#BTC