The Controversial Evolution of Bitcoin Ownership

Since its inception, Bitcoin has undergone significant transformations that challenge its original vision. Initially created to generate profit, Bitcoin was, however, perceived as a decentralized currency aimed at creating a new economic paradigm. Instead, it has been described as hijacked by particular interests early on, distorting its intended purpose. The discussion also highlights how the cryptocurrency market is predicted to expand to $30 trillion, with Bitcoin's market cap expected to exceed $7 trillion in future bull runs. The recent comments from the European Central Bank suggest an awareness of Bitcoin's investment-driven narrative rather than its intended function as a payment mechanism. This shift reflects a broader recognition of wealth inequality among early adopters and later investors, aligning with traditional market behaviors where earlier entry yields greater rewards. Notably, the U.S. government's recent decision to return 90,000 Bitcoin to Bitfinex following a major hack raises further questions about regulatory consistency and the interplay between government actions and private market dynamics.