Over the course of Bitcoin’s brief history, it has had countless battles, defying all the odds and surviving until now.
The battle of going from being worthless, to obtaining value. The battle of being thought of as money that’s only used on the dark web or by criminals. The blocksize wars, and numerous other forks. Being banned by some of the largest countries in the world, and becoming enemy number 1 in the eyes of many US politicians after the FTX chaos. There have been hacks, and frauds along the way. Each time pundits declared that the death blow had finally been dealt to Bitcoin and that it was time to pack it up and go home. However, each time Bitcoin stood up and marched back even stronger. Its resilience is unmatched.
With that said, perhaps its biggest battle is just on the horizon. A battle will require the most conviction we have ever had to hold strong, and will likely determine not only the future of Bitcoin but the entire cryptocurrency industry.
Bitcoin’s biggest battle is fast approaching.
Throughout Bitcoin’s brief history, there has been one thing that has annoyed Bitcoiners with several years of experience more than anything else.
People who enter the market with the following mindset; “I’m new to Bitcoin, and I’m here to fix it.
Up until now this hasn’t been much of a problem, rather it was more of just an annoyance. People entered the Bitcoin market and thought they were immediately experts and smarter than everyone else. That they had the answers to not only improve Bitcoin but also to fix it. Some of these people were technically gifted, others were rich, and there were some that were famous. However, each of these times Bitcoiners stood together, maintained their conviction and stuck to what makes Bitcoin great.
But everything is about to change.
The most powerful companies in the world are entering the Bitcoin and cryptocurrency markets. The likes of BlackRock, PayPal, and likely banks will follow suit. These are the type of organizations that don’t just sit back, follow the rules, and let someone else control everything that is happening.
No, instead they are the ones who like to control the power. After all, there is a reason why BlackRock has been nicknamed, “the secret company that controls the world.” While most people in the Western world believe that governments and Presidents are the people that control the strings. It is actually these large companies. They have the power to be kingmakers, force policies, and extinguish policies that don’t benefit them.
When BlackRock, PayPal, Apple, Facebook, JP Morgan, and others have come to Bitcoin, you can bet that they will try to change things to their liking. It could be not allowing self-custody, charging even more for fees, threatening to fork Bitcoin to a proof-of-stake chain, not implementing future upgrades, or being forced to use only their products. These companies represent everything that Bitcoin is trying to run away from.
Once again it is a return to the theme of being careful what you wish for.
Bitcoiners and people in the crypto market are cheering for the potential BlackRock ETF, and PayPal to create their own stablecoin. They are hoping for the day when Apple and Amazon will announce that they’ve entered the market. It is all with the goal that these announcements will help ignite the next bull run, pump our crypto bags, and make us rich.
In order for prices in crypto to go where we all want them to, this type of adoption was always necessary. That’s why so many people have been stressing the importance of accumulating as much as you possibly can before Wall Street finally entered the market.
One thing is for certain. Wall Street is here, and they will try everything they possibly can to control this market. This very well could be our biggest and last battle with Bitcoin. The battle that determines once and for all if Bitcoin wins or fails. It is going to take everything we have to fend off the largest and most powerful companies in the world.
How about you? Are you worried about powerful companies entering the Bitcoin market
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As always, thank you for reading!
