Post
Topic
Board Bitcoin Discussion
Re: Mike Hearn Leaves Bitcoin
by
Z-tight
on 05/09/2024, 20:31:05 UTC
All of the "greats" are completely disappointed with the path Bitcoin has taken lately. It's now even worse with the institutionalization of BTC. "Wall Street" has all of the cards to manipulate Bitcoin to its own benefit. Instead of going against the existing financial system (something Satoshi meant to avoid in the first place), Bitcoin has "bowed down" to it. The future is unpredictable, so I'd hope for the best.
I don't see the path that is so disappointing, there is also no institutionalization of BTC. BTC is free for everyone and it is censorship resistant, so institutional investors were always going to find interest in BTC, and there is nobody who can stop them from buying. Institutional investors can only manipulate the price of BTC, if anything, but they do not have any control of the BTC network, so it is not a problem for the network in my honest opinion.