It is ironic, that 13 years ago Satoshi Nakamoto has registered in the genesis block the headline about bailing out the banks and today the maxis are celebrating the banks bailing out Bitcoin.
Listed banks are on their way to reaching 1 million BTC:
⚫ Grayscale: 487,026
⚫ MicroStrategy: 189,150
⚫ BlackRock: 66,200
⚫ Fidelity: 59,224 BTC
⚫ Purpose Investments: 32,318
Yeah, it's kinda funny how things turn out. The banks and big institutions are getting into Bitcoin, which is a far cry from the original vision of a decentralized alternative to the traditional banking system.
But here's the thing: While they're accumulating Bitcoin and seemingly taking control, they're also legitimizing it and helping to integrate it into the global financial system. It's a double-edged sword.
The true spirit of Bitcoin lives on in its open-source nature and its community. As long as people remember why Bitcoin was created and continue to use it in line with those principles, there’s still hope for maintaining its intended purpose.
Keep an eye on these developments - we gotta stay sharp!
