How the whole picture đźď¸ has completely changed.
Just a year ago, we were writing about this in a completely different sense.
Now, every move the US makes reflects on the crypto market.
We were promised the first âCrypto President.â Instead, we got âThe Destroyer of Worlds.â
Even I never fell for the narrative - Iâve been very loud about it - yet my old articles are still on Square. Many people believed it. The promise of institutional money did exactly what I said it would: killed DeFi.
And how could it be any other way?
Remember why crypto was invented?
The money no government, institution, or person controls?
Now we wonder why BTC isnât cycling the way it used to. Why 2025 has been one of the worst years for crypto. The answer is simple: we invited politics, institutions, and governments onto sacred ground. Now, the spirits of true DeFi are awake and taking their toll.
I get the need for adoption. Convenience is tempting - buying groceries with crypto, seamless payments. But at what cost? If I buy a coffee with 0.00001 BTC now, will that coffee be $5 or $50 in the next hour?
Rushed decisions, like using stablecoins as payment before defining what counts as stable, lead to devastating results. Crypto doesnât work like fiat. Institutions canât run on âtrust meâ or âwhat ifs.â What if the next stablecoin depegs like USTC?
Not just stablecoins. BTC, ETH, and others -institutions that buy them will never allow free market behavior like before.
The goal of crypto was never to become fiat. If anything, it was the opposite.
Why should we care about the US Non-Farm Payroll report? Because every time they move, crypto reacts. Tariffs change, payroll numbers shift, and suddenly markets swing - even for assets that are supposed to be decentralized.
This is the reality: DeFi and institutions donât really coexist. Iâve never liked adoption in this form. Crypto was supposed to be independent, permissionless. Instead, every economic report, policy tweak, and tariff move shows up in our charts.
We are no longer just building protocols. We are playing by someone elseâs rules. That isnât DeFi. Itâs a cornered version, where freedom is limited and markets react to what governments want.
I donât like it. I never have. The promise was always decentralization. The reality is that value attracts control. And right now, control is winning.
#trumpstarrifs #USNonFarmPayrollReport
