Conspiracy post incoming.
With a death-grip on the crypto industry and the undying fear of loss of power and authority in the space, the powers-that-be (government, tradFi, banks etc) are attempting, with exceeding ferver and desperation, to erode the public's trust in established crypto exchanges and ramps.
With banks refusing to allow customers to transact with reputable exchanges, news stories about the imminent collapse of crypto firms, I am starting to piece together a narrative that is being fed to us all.
"We are the only ones that can truly be trusted" "We are the ones that will keep you safe"
Every development seems to take us further from the fundamentals of what Bitcoin (at least) is all about. BTC spot ETF has been lauded by crypto enthusiasts, however it just takes us closer to world where you do not hold your own coins.
Not your keys not your coins!
Financial sovereignty has always been a goal of BTC maxis, but this cannot be achieved when institutions hold all the coins. Gold 2.0 - Paper Bitcoin.
It is a double-edged sword. Regulation and institutional investment brings money into the sphere, but at the cost of giving up your coins for an appreciation returns check.
Where should we place our trust? In the government? Large institutions? ..ourselves?
Keen to hear your thoughts. Show me the truth. Tell me I am paranoid.
I don't know if my pessimism is a bear market bottom indicator /s
Yours truly, Yasha666
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