BTC should still be considered experimental, and we have no great love for ETFs which may or may not have possession of what they say they do, or what the state of the underlying custodian may be. Yet, as a trader the shape of this time-series is compelling. Getting long on this breakout. Back under around 4.50 and it should be considered a failure.
What is noteworthy is:
1/ some of the best trades give you a second chance to get in. You were offered that during the GVC.
2/ The March 18, 2020 low was just days prior to when the Fed slashed Reserve Requirements to 0% and got aggressive on expanding the balance sheet.
3/ CBDC are coming. No doubt about that. Probably IMF SDR version, too.
4/ Institutions are now getting in, too.
5/ The question of what FIAT money is really worth is fast approaching during this competitive debasement cycle.
Who knows that the future will bring, or even if this is the best way of playing it. Fact is, many people are mandate-bound as to how they can participate. Hopefully this relaxes over the coming years as the US arguably plays catch-up to the rest of the world.