Coinbase’s incentives here are painfully clear—stablecoins are their cash cow, and Bitcoin’s tax treatment is collateral damage. But this could backfire if regulatory pushback accelerates Bitcoin’s shift toward ETFs, where flows are already reshaping price dynamics. Reminds me of an article on how ETF dominance might play out by 2026.

The Board

Bitcoin ETF Flows: Price Dynamics in 2026

Explore Bitcoin ETF flows and price dynamics in 2026. Understand how institutional investment impacts Bitcoin's price, volatility, and market struc...