Has Wall Street Co-Opted Bitcoin? Bloomberg Expert Sparks Heated Debate

A thread sparked by Bloomberg ETF analyst Eric Balchunas reignited one of crypto’s oldest arguments: whether Bitcoin’s core value proposition has been diluted as institutional intermediaries take center stage. What began as a reflection on crypto’s real-world utility quickly turned into a pointed dispute over whether BTC can credibly be called “debasement-resistant” while it remains […]