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Little thoughts on Bitcoin in 2024

Bitcoin Reddit

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Hi, I've been thinking about this for a while: one of the founding ideas of Bitcoin was to have a decentralized exchange system without depending on a third party. But today, with the big centralized exchange platforms like Coinbase or Binance, we're asked to provide lots of personal information to these third parties, which goes against the founding ideas of Bitcoin. What's more, for some months now, we've seen Bitcoin being adopted by centralized financial institutions like Blackrock, which are investing billions of dollars. Clearly, these entities are only interested in making a profit, and are not interested in Bitcoin for what it really is. Once again, this institutionalization of Bitcoin goes against its founding ideas. The more billions of dollars centralized finance invests in Bitcoin, the more control centralized finance will have over Bitcoin. So I was wondering, if Bitcoin somehow loses its original reason to exist and becomes "corrupted" or "invaded" by centralized finance, won't it lose its value in the long run? Because, ultimately, what makes Bitcoin so unique and valuable today is the fact that it is completely decentralized and represents an alternative to centralized money.

So that's my little thougt, let me know what you guys think!!

submitted by /u/Goruche2
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