Let’s talk Bitcoin

An editorial thought

For years now we have been writing about Bitcoin, speculating, dreaming, and hoping for a change brought on by Bitcoin but we have never really seen this happening. There has been this back and forth about the validity of the system and crypto as a whole.

As we approach a new halving of Bitcoin we quickly approach a new era where new millionaires are possibly created. the last halving created a lot of millionaires and this new one seems to offer that same chance. Still, with the economy the way it is now it seems very unlikely that the number of millionaires created this time will mirror that of the previous halving.

As usual, the ones that have the biggest chance to grow and gain more money and power …are those that already have money and power. The crypto space -once thought of as a way to buck the system, has become nothing more than another playground for the likes of big businesses and billionaires. Elon Musk once slyly used the Bitcoin market to gain millions by allowing his cars to be purchased by Bitcoin during a downward trend only to end Bitcoin purchases once the market went back up netting him millions.

Companies like Blackrock, which already owns half of the world, have vast storages of Bitcoin and are poised to benefit the most from the halving. There are so many companies, whales, and already rich…