According to news from BiJieWang, Eric Balchunas, a senior ETF analyst at Bloomberg, posted on the X platform that a new term "Suitcoiners" has emerged among Wall Street finance professionals. This term is derived from "Real Suits" and is used to describe all ETF, government, and institutional buyers. Some are concerned that if Suitcoiners conspire, it could pose a threat to the structure of Bitcoin in the future, but he does not believe this will happen, as there have been similar unfounded concerns in stock voting. Nevertheless, this is indeed a form of fear.
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According to news from BiJieWang, Eric Balchunas, a senior ETF analyst at Bloomberg, posted on the X platform that a new term "Suitcoiners" has emerged among Wall Street finance professionals. This term is derived from "Real Suits" and is used to describe all ETF, government, and institutional buyers. Some are concerned that if Suitcoiners conspire, it could pose a threat to the structure of Bitcoin in the future, but he does not believe this will happen, as there have been similar unfounded concerns in stock voting. Nevertheless, this is indeed a form of fear.