🏛️ [Analysis] Ungoverned of anti-governance? How Bitcoin threatens the future of Western institutions - Andrea O'Sullivan

Bitcoin ($BTC) is an alternative store of value that undercuts Western institutions. These institutions once held the same prerogative, but as the global market became increasingly complex, it became associated more with fraud than wealth protection. Whether currency debasement or outright seizure, Western institutions have lost the mandate through abuse. Bitcoin, to be extreme, has a messianic quality: it both attacks the status quo while fulfilling Western notions of individual sovereignty. As institutions realize Bitcoin's potential, expect them to denounce it with one face and buy it with another.