Bitcoin's Centralization Threat: How Financial Giants and Coinbase Risk Undermining the Revolution | HackerNoon
Briefly

Bitcoin represents a monetary revolution emphasizing decentralization as a means for individuals to regain control over their labor, extending beyond just currency.
The current trend is concerning as financial giants like BlackRock seek to redefine Bitcoin merely as a store of value, undermining its potential to revolutionize the financial system.
The rise of centralized control in Bitcoin ownership, notably with Coinbase holding 11% of the Bitcoin supply, poses a significant risk to the ideals of decentralization.
Bitcoin's future hinges on a conflict between its role as a Store of Value versus its intended use as a Medium of Exchange, impacting its revolutionary capacity.
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