Bitcoin was created as a people's currency to bypass the manipulation of financial systems, yet it’s now subject to increasing institutional concentration and control.
The inherent paradox in the Bitcoin maximalist community highlights a conflict between the belief in Bitcoin's ideals and the increasing reliance on institutions it was meant to circumvent.
Institutional activity hints at 'major gains' for everyday Bitcoin holders, but risks overshadowing its decentralized principles, threatening its original purpose.
Historically, attempts by governments to create their own cryptocurrencies, like Venezuela's Petro, underline growing power dynamics and potential challenges to Bitcoin’s ethos.
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