Fintech Macro Part 3 Bitcoin is bad for traditional finance
I could have said Crypto is bad for traditional finance but – disclosure – I am a Bitcoin maximalist and own some.
Bitcoin is part of a Web3 vision of an Internet that is not controlled by a few big centralised players such as Google, Facebook and Amazon ie the Web2 we use every day.
This makes Bitcoin bad for finance in whatever form it appears – tech or traditional. A decentralized value transfer network is deeply disruptive to the finance ambitions of centralized search engines and social networks as well as legacy banks.
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BitcoinMaximalist disruption Fintech General redecentralization WealthTech web3