Oddbean

I am not a trader, nor do I know how to time a buy/sell, or even have the vaguest clue how any of this shitcoinery works... BUT Isn't it the case that tradfi money represents the majority of incoming capital to bitcoin? I have friends and family and random strangers saying "You know it's going to correct HARD AND SOON...", but aren't all these expectations based on past heuristics; much lower liquidity from a much higher risk profile that operates on a much shorter term? HTF are crypto degens even going to make a significant dent in the price, now that people with, you know, actual long-term portfolios are absolutely mashing "BUY" every day in these ETF's?