Co-Opted By Wall Street: Bitcoin’s Biggest Risk?
As bitcoin gains mainstream acceptance from centralized financial institutions, will Wall Street come to ruin what is most powerful about the asset?Bitcoin’s potential is immense — an independent global reserve asset, the foundation of a more ethical financial system, uncorrupted by centralized financial overlords. But what is the risk that bitcoin could become co-opted and corrupted by those centralized financial overlords? What if bitcoin loses its independence? What if bitcoin merely becomes another speculative Wall Street plaything? TLDR: Wall Street’s growing importance is unavoidable....
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