In the limited history of Bitcoin, it has faced numerous challenges while surviving to the present.
The struggle to transition from having no value to having value. The struggle to avoid being perceived as money that is only utilized by criminals or on the dark web. the forks, the blocksize debates, and many others. being prohibited by some of the biggest nations on earth, and after the FTX fiasco, turning into many US politicians’ number one enemy. Along the road, there have been frauds and hacks. Each time, experts predicted that Bitcoin had finally suffered its fatal blow and that it was time to pack up and leave. But each time, Bitcoin sprang to his feet and retreated even harder. Its tenacity is unparalleled.
Having said that, the upcoming conflict may be its biggest. The outcome of a war that will probably define not only the future of Bitcoin but also the whole cryptocurrency sector will likely require the strongest resolve we have ever had to cling on.
Bitcoin’s biggest battle is fast approaching.
There has been one thing that has irritated long-time Bitcoiners more than anything else during the short lifetime of the currency.
those who enter the market thinking, “I’m new to Bitcoin, and I’m here to fix it.”
This hasn’t really been a big issue up to this point; more of an irritation. When people first entered the Bitcoin market, they believed they were experts and far more intelligent than everyone else. that they possessed the solutions to both repair and improve Bitcoin. Some of these people had technical prowess, while others were wealthy and some were well-known. But each time, Bitcoiners stood tall, stayed true to their principles, and defended what makes Bitcoin so great.
But soon, everything will change.
The markets for cryptocurrencies like Bitcoin are being entered by the most powerful companies in the world. Banks and companies like BlackRock and PayPal are likely to follow suit. These are the groups that don’t just keep quiet, play by the rules, and put someone else in charge of everything.
No, they are the ones that enjoy having power in their hands. Because of this, BlackRock has earned the moniker “the secret company that controls the world.” While the majority of people in the Western world think that presidents and governments are in charge. Actually, it’s these enormous corporations. They have the authority to impose policies, squelch policies that don’t serve their interests, and act as kingmakers.
You can expect that companies like BlackRock, PayPal, Apple, Facebook, JP Morgan, and others will try to modify Bitcoin in a way that suits them. It might involve denying users the right to self-custody, increasing costs, threatening to fork Bitcoin into a proof-of-stake network, failing to adopt future improvements, or requiring users to use only their products. These businesses stand for everything that Bitcoin is attempting to avoid.
Once again it is a return to the theme of being careful what you wish for.
Bitcoiners and participants in the cryptocurrency industry are excited about the possibility of a BlackRock ETF and PayPal’s plans to launch their own stablecoin. They look forward to the day when Amazon and Apple announce their entry into the market. All of this is done in hopes that these announcements will kick off the next bull run, fill our crypto wallets, and make us wealthy.
This kind of acceptance was always necessary for cryptocurrency values to move in the direction we all want them to. Because of this, a lot of people have emphasized how crucial it is to amass as much as you can before Wall Street ultimately enters the market.
There is no denying anything. Wall Street is present, and they will use whatever means at their disposal to dominate this market. We may have fought the last and biggest battle with Bitcoin in this one. The conflict that will finally decide whether Bitcoin succeeds or fails. We will need to use every resource at our disposal to repel the biggest and most potent corporations on the planet.
How about you? Are you worried about powerful companies entering the Bitcoin market