Forever Shrouded In Mystery
Regardless of whether you believe that cypherpunks did indeed create Bitcoin, or subscribe to the notion that government agencies are actually behind it's creation, the reality is that nobody can actually offer a definitive answer. This argument has raged on for many years and will most likely continue on for many more. However, what is important is to view what has and is currently transpiring in the world of Crypto. Ever since Michael Saylor and other large corporations and institutions adopted Crypto, there has been a narrative floating around Crypto blogging and and social media sites. This is the idea that Bitcoin is no longer the people's money and that BTC is now enslaved to the powerful, only to experience hardcore manipulation from here on out.
Firstly, all markets are manipulated, like it or not. If you believe that BTC is, or at least once was a pure asset void of interfering hands, then you are gravely mistaken. There is no asset that escapes manipulation and eventually regulation arrives at the doorstep of every financial asset or instrument.
Though it is actually impossible to regulate Bitcoin, third party entities such as exchanges and fiat on-ramps can easily be monitored and restricted. This is the only regulation that can be imposed. The Bitcoin network is decentralized and therefore, cannot itself be regulated apart from regulating entities that plug into the network.
Why The Purists Are Wrong
Many have moved on to create and develop large communities in other altcoins, as a type of demonstration against BTC losing it's "sovereignty" status. These are purists who believe that they can raise another alternative in the place of Bitcoin, in order to take over and truly become the people's money.
Anyone who subscribes to this form of thinking is not familiar with human behavior, or the way of the world. Bitcoin was shunned for more than a decade and once value had been undeniably associated with the asset, the powerful and wealthy entered the game. This is human behavior and is as predictive as the masses buying high and selling low. You can educate the masses all you like, they will go on to repeat this foolish behavior. In the same way, the powers that be will seek to dominate what gains value and attention.
You can be sure that another altcoin that gains adoption and favor from the people, will ultimately succumb to the same fate as BTC. There is no people's money! Money will always be controlled by the powerful. A window of hope may open but the principles that govern this world will ultimately dominate.
However, what you can do is to position yourself and front run the powerful. In this way, you may not have a money truly separate from state and power but you will own a money that is being driven by the powerful. Instead of being enslaved by the wealthy, you can harness the power of the wealthy to bring increase to your assets.
In this way, the cycle of slavery is broken by turning the tables and leveraging the wealthy for your gain. This is your only play.
There Is Always An Agenda
There is still a lot of speculation regarding what governments and regulators will do in regards to Bitcoin but what is important to note is that they have seen enough reason to allow it space until now. Whether or not this is tied to the theory that the government is somehow involved in the creation of Bitcoin or not is irrelevant. The truth of the matter is that we are on the brink of the biggest wealth transfer the world has ever seen.
The machinations of leaders and influential people are of little importance. What is important is to ignore the FUD and stack up blue chip Cryptos, as well as those destined for greatness. However, the latter is not that easy to navigate.
As always this is not financial advice but merely my own views of the Crypto market and markets in general.
