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7 sats \ 2 replies \ @Butterfinger 5 Dec \ parent \ on: Fed Chair Powell says bitcoin is like digital gold bitcoin
I see your point and of course they are fightning back, but still coinbase will very likely end up like mt gox, and Michael Saylor, Blackrock will end up losing tons of money maybe end up bankrupt. It simply can't work for them, coinbase is becoming a huge bank full of digital gold, either the us govt will rob everything or somebody else will, just a matter of time.
The outcome is not predetermined. If enough of us use Bitcoin for MoE and demand the right to self custody they might not succeed in capturing the protocol. El Salvador and other safe havens are already established- the demand for sound money is strong-
We need to demand the right to spend Bitcoin as well as using it as a savings vehicle.
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Yes, I am optimistic in some parts of the world business on btcmap.org are popping up very fast, do your part as well.
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