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Wu Shuo learned that Bloomberg ETF analyst Eric Balchunas stated that Bitcoin has recently been overly reliant on the ETF and Strategy (MSTR) related narratives, and the market should not view them as the main value proposition of Bitcoin. He believes that ETFs and MSTR are more like "frosting on the cake" rather than "the cake itself." Balchunas said that Bitcoin's true core narrative remains as a store of value that governments cannot arbitrarily devalue or intervene in, and this narrative will become stronger over time.