The “Trump Pump” is causing Bitcoin’s value to rise, but this is not a cause for celebration. These institutions and high net worth individuals are only interested in making money and maintaining control, not in Bitcoin’s goal of promoting freedom. If Bitcoin becomes a financialized asset dominated by these institutions, it will lose its original purpose.
This could lead to Bitcoin becoming ossified, with only the wealthy having access to it, or having to trust a third party. Bitcoin enthusiasts should not become complacent, as there is still more work to be done to ensure Bitcoin fulfills its potential as a tool for freedom.
