Bitcoin: The Ideal is Dead, Only Bets Remain
Satoshi Nakamoto designed Bitcoin to liberate individuals, freeing the financial system from the dominance of corrupt and inefficient authorities. At that time, Bitcoin was rebellious, grassroots, and a spark of freedom.
Today, Bitcoin has transformed into the new darling of the capital market. It is no longer "peer-to-peer electronic cash," but rather "peer-to-peer financial speculation." Whales, hedge funds, and politicians raise Bitcoin high, as if shouting for freedom, when in reality they are betting on power.
When Trump publicly announced his holdings in Bitcoin and packaged it as a national asset of the United States, at that moment, Bitcoin completely became a tool of power. Satoshi envisioned a currency that resists power, not a speculative chip in the hands of the president.
Bitcoin's price is no longer dictated by free trading, but is manipulated by macro policies, dollar liquidity, and Wall Street sentiment. What was originally a weapon to break the old world has ultimately become a weapon in the hands of the old world.
What Satoshi left the world was a beautiful yet fleeting illusion: we once believed that currency could belong to the people. But today, Bitcoin has long been auctioned off under the spotlight of exchanges, becoming a pawn in the new game of power.
Is the spark of freedom still alive? Perhaps it is, but it has already been blown to the brink of death by the fierce winds of capital.
