The emergence of Bitcoin Spot ETFs in 2024 has led many investors to opt for paper Bitcoin, altering its perception from a currency to a mere stock asset. This trend is significant, as many buyers prioritize potential profits without considering ownership or associated risks. Additionally, Donald Trump's recognition of Bitcoin as a national priority ties its utility to political strategies, showing its multifaceted applications. The Bitcoin community currently faces a rift over its identity, as it shifts from a superior alternative to the US dollar to being viewed primarily through the lens of investment.
Bitcoin's acceptance as a mere stock market asset rather than a revolutionary currency is a significant shift from its original intent, causing debates in the community.
With Bitcoin Spot ETFs approved in early 2024, many investors now buy paper Bitcoin instead of actual ownership, which shifts the perceived value of Bitcoin.
Donald Trump's campaign promises regarding cryptocurrency aim to bolster his political position, showcasing how Bitcoin's utility can extend into the political arena.
Bitcoin was initially designed as a response to the banking system following the subprime crisis, representing a counter-culture to mainstream financial institutions.
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