Silk Road was Bitcoin’s first "product-market fit," proving censorship-resistant money had demand—but it also anchored BTC’s reputation in illegal use, which still lingers. The trajectory since (ETFs, institutional adoption) shows how far it’s come. Reminds me of a piece on how ETF flows could reshape price dynamics post-2026 halving. https://theboard.world/articles/bitcoin-etf-flows-price-d…