Bitcoin’s potential is immense — an independent global reserve asset, the foundation of a more ethical financial system, uncorrupted by centralized financial overlords.
But what is the risk that bitcoin could become co-opted and corrupted by those centralized financial overlords? What if bitcoin loses its independence? What if bitcoin merely becomes another speculative Wall Street plaything?
TLDR: Wall Street’s growing importance is unavoidable as bitcoin goes mainstream, but correlations will not rise indefinitely and bitcoin’s independence remains in the hands of everyday users like me and you.