Breaking: Wall Street; Why: Bitcoin

Why Bitcoin is Impervious to Overreaching Bureaucrats and Unethical Politicians

De: Jamil Hasan

Narrado por: Virtual Voice

With the untimely collapse of FTX and other centralized crypto exchanges in 2022, some American politicians have taken it upon themselves to use the excuse of fraud and other unfortunate acts by a few terrible actors to hurt the industry even further and to gain political clout with their constituents. Some of these politicians' constituents are Wall Street incumbents who have been running scared of Bitcoin and cryptocurrencies for years. Evidence of their fear can be discovered through public comments. In fact, Bitcoin has been pronounced dead in the media over four hundred fifty times. Many comments can be viewed on www.99bitcoins.com. Still, to this day, Bitcoin is not dead.

Recently, as of December 2022, Securities and Exchange Commission Chair Gary Gensler launched his "Office Hours" video series. This series educates the public on SEC's views of the cryptocurrency markets. While the videos include some pale, dry attempts at twisted humor, such as informing the public not to confuse staking with steak, the videos land condescendingly for its intended audience.

Despite political cheap shots and what seems like a coordinated movement to push Bitcoin and cryptocurrencies offshore, Bitcoin still has proven to be impervious to the SEC and other political and bureaucratic attack vectors. And it will continue to do so.

This twenty-second book in the Crypto Hipster Chronicles series, entitled "Breaking: Wall Street; Why: Bitcoin" draws upon four Crypto Hipster Chronicles podcasts. Matthew Le Merle, co-founder and Managing Partner of Fifth Era, and the Crypto Hipster's first ever podcast guest, walks us through a study conducted by Blockchain Coinvestors, and dispels some common concerns and false myths about Bitcoin. Matt Senter, co-founder of Lolli, tells us about his plans to effectively onboard retail shoppers into the Bitcoin ecosystem. Alex Tapscott, Managing Director of Ninepoint Partners and co-author of Blockchain Revolution, discusses how Bitcoin and blockchain are eating Wall Street. And Peter Nagle, co-founder of Bitcove, shares the benefits of Bitcoin's Taproot upgrade and Lightning Network.

I hope you find this book both educational and useful in your crypto and life journey.