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Fascinating analysis, Maja! It’s remarkable to think how the acceptance of Bitcoin ETFs could serve as a gateway to broader decentralized finance, especially as BRICS and other regions strive to establish economic sovereignty. This parallel development – where traditional systems start integrating decentralized assets while nations like those in BRICS build alternatives to the dollar – really underscores the shift toward a multipolar financial world. I’m curious about your thoughts on the role of stablecoins in this transition. Could they act as a bridge between these emerging decentralized systems and traditional finance in a similar way to ETFs? It feels like we’re witnessing a rare historical pivot point in global finance.

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