Pragmatism: The true key to unlocking crypto mass adoption
Cointelegraph
Published Jan 26, 2021 02:41PM ET
Updated Jan 26, 2021 05:40PM ET
When Bitcoin (BTC) launched in 2009, it was motivated by the distrust of financial institutions and their fees and the inflationary practices by central banks during the Great Recession. Bitcoin was supposed to usher in an era of decentralization, financial inclusion and democratization.
Yet more than a decade later, with Bitcoin prices surging, we’re witnessing the digital asset being hoarded by large, centralized financial institutions, risking the principles behind its creation. Bitcoin is now in danger of being predominantly in the domain of the financially included — exactly the types of institutions that the creators sought to avoid in the first place.
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Written By: Cointelegraph
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