In recent months, optimism toward Bitcoin has risen following positive political developments. However, concerning actions by the government cast doubt on the real goals of this cryptocurrency.
Economic Context for Bitcoin
Optimism regarding Bitcoin is being driven by a trade agreement between President Donald Trump and the UK. According to experts, Bitcoin, as a borderless asset, is reaping benefits from this newfound confidence in global markets.
Politicization of Cryptocurrencies and Conflicts of Interest
However, many experts are raising alarms about conflicts of interest. The Trump administration is actively pursuing deregulation in the crypto industry, allowing companies connected to it to grow amid reduced oversight. For instance, World Liberty Financial, linked to Trump's sons, launched its tokens during this time.
Need for Financial Access for Everyone
There is concern that the cryptocurrency market is starting to reflect old political power structures. Bitcoin was originally intended as a tool for financial independence for the average person. It’s crucial to return to this principle and provide real financial access to those in need.
There is a pressing need to refocus on the true mission of cryptocurrency — to provide access to financial resources for everyone. This requires changing our approaches to the use of crypto assets and combating existing power structures.
