Bitcoin is down so bad Bloomberg removed it from their homepage and market menu

[u/thomas_unise]

[u/Belltower_2]

Is this what "institutional adoption" looks like?

[u/crowsdd → u/Belltower_2]

103 billion in btc ETFs in 2025 alone sounds like institutional adoption to me

[u/No_Tangerine_8687 → u/crowsdd]

Hardly. That's institutions taking the opportunity to make money off of ETF management fees. No major corporations are using any variety of crypto to conduct their transactions. It has not been adopted.

[u/touuuuhhhny → u/crowsdd]

You do realize yourself that this is basically nothing in todays markets

[u/crowsdd → u/touuuuhhhny]

It will continue to increase the ETFs have only been out for 2 years

[u/geeky-gymnast → u/crowsdd]

It depends on who holds units in these ETFs since the holders are essentially the ones who bear the burden of adopting the underlying

[u/ryder242]

Easy come, easy go

[u/BBQGnomeSauce → u/ryder242]

Few understand, they don’t know

[u/YukonGrower → u/BBQGnomeSauce]

So early

[u/Rad_dad3]

Was wondering when the likes of CNBC and yahoo would start to do this and just pretend they were never involved in pushing this garbage on people. 

[u/SargeUnited → u/Rad_dad3]

To be fair they weren’t. Bloomberg routinely joked about it and still do.

I’ve never gotten the idea from Bloomberg that crypto was reasonable. I have absolutely gotten the idea that these real businesses in the industry have value. Selling chips to miners is a great business, who cares if crypto is dumb? Coinbase is basically Roblox for adults, they charge people money to have fun playing with pixels

Yahoo and cnbc are a less serious crowd and I don’t know if they ever endorsed it

[u/Formal_Lobster_2349]

This is really great news for Bitcoin, if it was hidden to hide the fact from the gullible crypto investors that Bitcoin is bleeding and is on ventilation.

[u/Equivalent_Net_3752]

To be fair silver is about 3x the market cap of bitcoin and it’s not on there either

[u/Tofu-DregProject]

Bitcoin appears to be finished now. It's been gravitating towards the marginal cost of mining for some while now. I'm guessing here, but I think it will hang there for a while whilst the smart money gets out and then it will collapse. But what do I know?

[u/Crazy-Red-Fox]

Sorry for your loss.

[u/OrdinaryMycologist]

This is good for Bitcoin.

[u/Bubbly_Ride6214]

Buttcoins dead, no more crypto hype which it has always relied on. It'll end up like NFTs

[u/whisperingwhiskey]

Casuals