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Thursday

13 May 2021

People Should Know Bitcoin and Wall Street Bitcoin Are Two Different Things Entirely

People Should Know Bitcoin and Wall Street Bitcoin Are Two Different Things Entirely


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People Should Know Bitcoin and Wall Street Bitcoin Are Two Different Things Entirely.

But with Wall Street increasingly co-opting Bitcoin for its own ends, Hunt sees a coming Bitcoin identity crisis ahead.

Some big Wall Street players are also moving directly into Bitcoin themselves.

He describes the strategy as a way to accommodate and swallow Bitcoin, which is what they’ve done with every other financial innovation.

“Because the artistic Bitcoin identity I admire and value has been subverted by the neutering machine of Wall Street and the regulatory panopticon of the US Treasury Dept

Because what made Bitcoin special in the first place is nearly lost, and what remains is a false and constructed narrative that exists in serviceto Wall Street and Washington rather than in resistance.”

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