$VEILEYESNFT
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@adam3us maps Bitcoin adoption into three waves, each defined by how a new group accesses the asset. Later, he explains why that choice โ BTC, ETF, or DAT โ can mean the difference between passively tracking Bitcoin's price or amplifying it. Watch the full episode to [Spoken audio]: You've got different forms of access. You've got the technologists and early enthusiasts, we call it the first wave involved in Bitcoin OTC or via Bitcoin exchanges and brokerages such as Bitcoin Swiss yourselves. The second wave is the ETFs, which we've seen, right? That brings in people who don't self-manage their portfolio or they don't want to create a separate account with a specialist counterparty. And then I think the third wave is effectively the institutions actually following through on their model portfolio recommendations and putting Bitcoin allocations into portfolios.