Part 8/14:
The popular narratives about Bitcoin have shifted over time. Early narratives emphasized building censorship-resistant, private money as a counterbalance to fiat financial systems. Over time, the focus expanded to its potential as a store of value—“digital gold”—especially amid inflation concerns.
Recently, many argue that the narrative is increasingly dominated by the inflation hedge and asset speculation, leading to a dilution of the original focus on censorship resistance and privacy. This shift poses a risk: as more users regard Bitcoin primarily as an investment rather than a tool for financial sovereignty, the network's core properties could erode.