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Why does this sub celebrate Blackrock's BTC ETF application?

Bitcoin Reddit

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I find it irritating that the community that pushes most for decentralisation, self-custody, morals & justice suddenly takes comfort in the fact that the largest, most evil asset management firm in the world files for a spot Bitcoin ETF. Can someone explain to me why this is positive for Bitcoin or "the people"?

Simple conclusion from a neutral bystander would be that the majority of Bitcoiners doesn't give a damn about the principals of BTC, would switch up in a heartbeat & just wants to be up in terms of fiat, chasing the next pump, no matter which criminal entity supports their agenda. Doesn't exactly radiate veracity, does it?

submitted by /u/kapliger
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