Author: BMAN, Source: Author Twitter @BMANLead
Today is January 9, 2024, the eve of the upcoming adoption of the Bitcoin ETF. After this night, there may be a new dawn. As a challenger, Bitcoin has landed on the ETFs of major traditional financial institutions, which means that new gods have ascended to the altar of old gods. So what does this mean? What are the opportunities for us?
Bitcoin has always been a challenger aiming to subvert traditional finance. Satoshi Nakamoto wrote in the genesis block The Curse of Traditional Finance: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. (The Chancellor was on the verge of a second bailout for banks.) At the time of the financial crisis, Satoshi Nakamoto seemed to predict the old currency. and the collapse of the financial order.
Today, Bitcoin is about to become a traditional financial ETF, and traditional financial institutions are rushing to support it. Bitcoin was originally intended to subvert traditional finance, but never expected that traditional finance would embrace Bitcoin?
Former US President Donald Trump, Nobel Prize winner Paul Krugman, and JPMorgan Chase Chairman Jamie Dimon have all said that Bitcoin is a Ponzi scheme. But why did Wall Street continue to turn this Ponzi scheme into an ETF?
In fact, it is not that Bitcoin needs traditional finance, but traditional finance needs Bitcoin.
Bitcoin was born from a white paper written by Satoshi Nakamoto. It originally came from a blank piece of paper. It has no name, no surname, and no owner. Even Satoshi Nakamoto cannot be found, let alone his origin. and orthodoxy.
Because Bitcoin has no owner, millions of people are its owners, and millions of people are Satoshi Nakamoto.
Precisely because there is no master, the grassroots people all over the world can obtain him and preach him. Everything is based on POW of mathematics and algorithms. Even before the palace nobles and Wall Street elites, everyone is equal. Bitcoin's adoption of ETFs is precisely the victory of grassroots promotion to the elite, and a disruptive thing is preached from the fringe to the most elite ruling class. Throughout the ages, it has been rare. When did the elites not let the grassroots pay for it, but the grassroots let the elites take over?
It is precisely because there is no owner that the bloodthirsty Wall Street smells the smell of profit and tries to become the owner of Bitcoin. They have a group of traitors, from Greyscale, to Microstrategy, to various ETFs, trying to Manipulate Bitcoin, buy Bitcoin, and package it into profit-making products. They introduced a huge Trojan horse into the city of Troy, thinking that Bitcoin ETF was a Trojan horse symbolizing victory. However, the Trojan horse contained ideas to end the old era, and ideas are often the most dangerous.
Bitcoin has no god or owner, and traditional financial intermediaries are everywhere.
The total amount of Bitcoin is limited, and traditional finance issuance is unlimited.
Bitcoin is transparent and open, while traditional finance operates in secret.
Have they ever thought that Bitcoin is just a thing in the pool? A genesis block contains a product of rebellion, so what could be manipulated? Once Pandora's box is opened, the spread of ideological viruses will be out of control.
"Under the mask is not just flesh and blood, but a thought. Thoughts are not afraid of bullets." - V for Vendetta
In fact, Bitcoin does not need traditional finance, but finance needs Bitcoin.
When Chen Sheng revolted, he shouted: Princes, generals and prime ministers, would you rather have the seed? Bitcoin originally came from the edge, and the new era also comes from the edge. He has no seed, no owner, no god, no name, and his success does not require the blessing of elites or the permission of rule. His existence just proves the victory of the margins:
There has never been a savior, and there has never been a savior. There is no fairy emperor. To create human happiness, it all depends on ourselves.
Wallstreetbets 2 million retail investors faced off against Wall Street hedge funds, directly exploding the short positions of GME on Wall Street. This is the victory of this kind of thinking.
The long branches invade half of the sky, and the round knife shines in the sun.
Princes, generals and prime ministers, would you rather have the seed?
The Bitcoin ecosystem will explode in 2023. The BRC20 inscription has stirred up waves with one stone, which is also a victory from the edge. There is no need for VCs, no authority, no capitalists, no fairy emperors, only the consensus of the masses. Whoever can gain the greatest consensus will be the winner.
This time, the Crypto world has returned to the purest Bitcoin era. There is no need for politics, no need to kneel down and lick the so-called god, because Bitcoin has no god, Bitcoin has no name, and there is no Satoshi Nakamoto. So much so that everyone is Satoshi Nakamoto. Anyone at the grassroots level has the opportunity to continue Satoshi Nakamoto’s vision to subvert traditional finance and make finance more efficient, open, and transparent.
A single spark can start a prairie fire. This wave of resurgence of the Bitcoin ecosystem will maximize the power of thousands of entrepreneurs. In the past, Bitcoin had no ecosystem, but now everything that Bitcoin can do has been done by other ecosystems.
What the Ethereum ecosystem has been doing for 9 years, the Bitcoin ecosystem will be completed in 9 months. The TVL of the Ethereum ecosystem is US$50 billion, and the Bitcoin ecosystem has the opportunity to turn over.
This is the best opportunity for ordinary Asian crypto entrepreneurs. There is no need to spell out one’s background or talk about politics, one just needs to meet the needs of users and gain consensus. Riding on the momentum of Bitcoin ETF and halving, let Bitcoin be used and capture the value of 900 billion US dollars of Bitcoin.
Bitcoin is the home of Asia. It has the most complete Bitcoin industry chain, the most miners and large investors, and the strongest Bitcoin user base. We hope to use our power to support more Bitcoins. Entrepreneurs, make Asia great again.
The nine states are in full swing and the four seas are surging. We look forward to participating in this grand event and creating the pinnacle of Bitcoin together.
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