RE: Bitcoin Rampage Continues
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Two opposing forces are currently influencing the crypto market. On one hand, there is a favorable development for Bitcoin, specifically the BlackRock spot ETF application. On the other hand, the market faces regulatory challenges that pose risks to the overall crypto market. While it is true that convenience often takes precedence over decentralization, it is important to note that the corporate market, which is gravitating towards Bitcoin, is creating a layer between users and the Bitcoin network to mitigate inconveniences. As a result, I agree that Bitcoin is likely to strengthen its dominance. However, I have concerns about the actions of major players once they enter the Bitcoin market. It is possible that they may attempt to modify the protocol to better suit their needs. Only time will reveal their true intentions. Thank you for providing an insightful article.