Bakkt does not matter - physically delivered Bitcoin futures. Whatever, we have had physically delivered futures contracts for more years than the life span of anyone on Tradingview (OMG what a crazy community this is). ETF's don't matter. Coinbase's high fees and lack of robust servers don't matter. USDT does not matter. All of this crap does not matter. None of this hype matters. What matters is the original spirit of Bitcoin and the math behind it.
As a back drop to this, Debt to GDP levels matter. Negative rates matter. Central Bank insanity matters.
All that matters in a macro sense is Gold, Silver and Bitcoin.
From a utility standpoint and working within the framework of the insanity in place does matter. This is because successful disruption comes with playing the part. Bitcoin has successfully done this as the CFTC has deemed it a commodity a long time ago now - done - success. XRP and XLM matter as they have played their part wisely working within the insane system. In this sense XRP and XLM matter. There are others that matter form a utility standpoint.
The king remains strong and wise. The king's jesters are whispering to him "we are ready - we have successfully played our part". The King will let his jesters lead the way. They have shown their worth. The king is wise.