If you are still excited about 'Wall Street's entry', 'regulatory approval', and 'the arrival of the compliance era', then you might be on the side that is being liquidated.
this is not a victory for cryptocurrency,
this is a quiet eviction of ordinary people.
1. Stop being self-absorbed, Wall Street never believes in crypto
Wall Street enters the crypto market, and many people shout: mainstream finally acknowledges us.
What to acknowledge?
Acknowledge that you can continue to bear the fluctuations,
while they are responsible for harvesting certain returns.
ETF, custody, market making, clearing -
this whole set of things is not designed for you,
It is designed for institutions to make guaranteed profits.
You think you are buying Bitcoin,
but what you are actually buying is:
a little bit of the volatility that Wall Street allows you to participate in.
Two, the so-called 'compliance' is to illuminate you completely
Hong Kong's 'openness' looks friendly,
but there is only one real keyword: they can see you.
Who you are, where the money comes from, what you invested in, how much you earned, when you plan to pay taxes—
not a single one omitted.
The chain is still decentralized,
but you, as a person, are completely exposed.
Stop talking about privacy, freedom, and sovereignty,
Those are words written in the white paper,
not meant for the real world.
Three, the SEC does not hate cryptocurrency, it hates that "you can use it freely"
The SEC's logic is extremely simple and brutal:
But you must live like a security.
Thus the outcome is very clear:
You cannot issue freely
You cannot trade freely
you cannot innovate casually
What you can do is only:
within the approved scope, take on the allowed risks.
This is not protecting you,
this is filtering who qualifies to stay in the arena.
Four, the cruelest truth: security itself is a threshold
Have you noticed?
Fewer scammers,
but freedom is also gone.
The risks are lower,
but the opportunities are also locked up.
The market is getting 'cleaner',
but ordinary people are increasingly like extras.
Custody replaces self-custody,
ETF replaces on-chain assets,
institutions replace individuals.
You are still in the arena,
but you no longer have decision-making power.
Five, the outcome of cryptocurrency is not romantic
Many people are unwilling to admit a fact:
Cryptocurrency did not overthrow the financial system,
it has been completely absorbed by the financial system.
The chain is still there,
the coin is still there,
the slogans are still there.
But true power,
has returned to familiar positions:
bank
Brokerage firms
Custodians
Regulators
Decentralization is not dead, it just no longer opens up to you.
The last sentence is for those who still have 'faith':
When a market starts to repeatedly emphasize
"security", "compliance", "mainstream recognition",
it often means—
The era of the ordinary person is over.
You are not being protected,
you are just being arranged in your position.
