"Bitcoin Has Lost Its Soul"
This is a message put forth by money manager Jim Bianco.
In this video I delve into the quote and the sentiment behind it. I have phrased it in different ways but the fact it is being swallowed up by Wall Street means little differentiation between products.
▶️ 3Speak
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Bitcoin is surely the King of Crypto, but certainly not private
I don't think this development was a surprise. There are a lot of companies and examples of things starting out with idealistic purposes, only for it to be successful, be bought out by big companies, and eventually forget about those ideals. OpenAI is one of the latest one after they scrapped their open source. For companies, the only way to protect against this is to remain private. For BTC though, this was inevitable.
Wall Street does Wall Street.
So no, not a surprise. I saw people in 2017 screaming for Wall Street to enter crypto. I just shook my head. These fools do not know what they are dealing with.
I always had an hunch it would come to big companies scrapping for a tittle in the crypto world and they are going for the cream of them all
Crypto is going far so that big companies are getting interest in it.
Thank you for the analysis. It good to know how crypto is going.
I think with bitcoin's lightning network the transaction speeds are rapid and bitcoin can be able to compete with the likes of credit cards even.