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Deven Spear's avatar

Great point, Peter. You’re right—Wall Street can play games with Bitcoin through futures and ETFs. They can influence price in the short term, no doubt.

But they can’t touch the protocol.

Bitcoin’s rules don’t change:

21 million supply

Decentralized by design

Anyone can self-custody and use it without permission

That’s the real power. The price might get pushed around, but the freedom is in the code. The more people actually use and hold Bitcoin outside the old system, the less control the institutions have.

Appreciate you bringing this up—it’s an important distinction.

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Peter Cox's avatar

Devin I agree with it conceptually and I believe it would do exactly as you say it would do in theory. However, how do we explain the fact that the institutional guys have created trading vehicles “futures” on Bitcoin and can thus short it or go long it by using derivatives and therefore reducing our ability of autonomy.

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