In the past #Bitcoin was bashed with the argument that criminals would use it. That narrative is fading out, isn´t it. Soon, with Blackrock & Co. the real criminals will use BTC to make even more profits! What an irony!
In the past #Bitcoin was bashed with the argument that criminals would use it. That narrative is fading out, isn´t it. Soon, with Blackrock & Co. the real criminals will use BTC to make even more profits! What an irony!
Well said. The irony is that the maxis are happy that they are integrating with the very system they were supposed to replace.
For now, in order to reach mass adoption, it is to some extent needed to arrange with the system. If you would openly commit to the intention e.g. to replace the USD, would there be any chance for getting institutional money?
Well, was the idea to get the institutional money? The idea was to replace the fiat standard with the bitcoin standard. I am aware that the asset cannot survive with that revolutionary idea but being happy for getting institutional adoption is a bit too much. BTC is becoming like any other asset out there.
Why, the scarcity, trustlessness and decentralization of Bitcoin is still something that makes it unique.
Decentralization and trustlessness comes from the very infrastructure the asset is built on. Scarcity is there, that's true. I think the hyper institutionalization of the asset will make it more susceptible to governments' influence.
We have a saying, "Mess is only fitting for a king to create" . This is presently our narrative in the crypto verse