I've been hearing a lot about Trump and other world leaders, big corporations, and countries and how they can impact Bitcoin and make it grow. While I agree that these people can impact Bitcoin, Bitcoin does not revolve around them.
Bitcoin has grown so much without a federal reserve from the US or China. In less than 15 years bitcoin got a market cap of over $1 trillion without having presidents pushing for it or a leading economy having a bitcoin reserve, so why does it now seem like without these people or these things bitcoin can't get bigger than it is currently? Bitcoin got to this level in a time when there were so many regulations and scepticism, a time when some people made it their side hustle to make sure they shit on bitcoin, despite all these, bitcoin soared.
The point I'm trying to make is that Bitcoin will keep growing and getting bigger without reserves so we shouldn't see these things or people as the authors and finishers of bitcoin. Don't get me wrong, I'm fully aware of the significance of a bitcoin reserve in the US, but bitcoin doesn't need a reserve to succeed. It simply needs the market to keep trusting in it. Even with a reserve and people don't trust it, it will be worthless.
The reason for the talk of reserves and the reason for big corporations getting into bitcoin is to make a profit, which means they need bitcoin to make a profit, but bitcoin doesn't need them to grow and that's why I said they need bitcoin more than bitcoin needs them.
To be honest, I like the old days when Bitcoin wasn't heavily regulated and when there were non-kyc exchanges and mixers. I like the old days because Bitcoin was a new thing and I felt privileged to know about it and to use it. Pre 2017 Bitcoin was more decentralized and more anonymous and mining was more rewarding (for me it was mentally rewarding when you could mine with your GPUs, it was a lot of fun).
Bitcoin doesn't need them for growth but they don't do it for Bitcoin's growth. They invest in Bitcoin for financial profit because it is a safe asset, and no one is able to block it. Their actions automatically increase the growth of Bitcoin and all Bitcoin holders automatically profit from it but I don't like it in the way that Bitcoin is getting more regulated and the object of business.