Thiel saying #Bitcoin co-opted by Blackrock & big institutions. 👀
Discussion
Now much less convinced in the ideological decentralized future of the computing world he believed in.
"People in the FBI tell me they would much rather have criminals use Bitcoin than $100 bills."
"I'm not sure it's gonna go up that dramatically from here."
"I don't know who else buys it quickly from here."
Thiel is the head of the biggest shitcoin VC...I would not believe a Word he says about #Bitcoin.
It is nonetheless a very negative signal. He says he feels he should have bought more earlier, but he has also sold some, and now holds only a small position without much enthusiasm to buy in again, given the ETFs are already a thing and the dream of decentralisation has somewhat fizzled out.
This is bothersome, because if Bitcoin had a bright future ahead of it, people like Thiel should be pouring millions into Bitcoin startups, and yet that is nonexistent.
The only possible exciting play in such case is musical chairs, buy and hodl, becore the unspeakable.
It has been 15 years. FBI, scammers, lost coins, custodial ETFs...
What's in it for the honest everyday person?
