Wall Street reviving decentralization... It's actually the crypto investors who lost the philosophy
Recently, In The Cryptocurrency Market, A Clear Difference In Attitude Between Traditional Financial Institutions And Individual Investors Is Emerging. In The Past, Ideals Such As Decentralization, Transparency, And Censorship Resistance Were Considered The Core Spirit Of Cryptocurrencies, But Now It Is Analyzed That Wall Street Is Re-embracing This Philosophy While Individual Investors Are Focused On Quick Profits And Moving Away From The Spirit.
On The 21st (Local Time), Bitcoinnews.com Reported That Traditional Financial Institutions Like Blackrock And Fidelity Are Attempting Ethereum-based Tokenization, Reviving Initial Crypto Principles.
On The Other Hand, Many Individual Investors Who Have Entered The Cryptocurrency Market Since 2020 Are Pursuing Only Profits.
In Fact, Projects That Emphasized Decentralization From The Beginning Have Also Compromised Between Ideals And Reality. In 2016, Ethereum Violated Its Own Principle Of 'Immutability' By Hard-forking The Network To Recover Funds Seized By Hackers After The DAO Hacking Incident.
On The Contrary, Institutional Investors View Cryptocurrencies With A Focus On Long-term Value Rather Than Short-term Profits.
This Difference In Attitude Has Been Cited As One Reason For The Spread Of A Pessimistic Atmosphere In The Crypto Community, Especially On Platforms Like Twitter. However, The Fact That There Are Still Forces Inside And Outside The Market Trying To Uphold The Fundamental Philosophy Of Cryptocurrencies Is Interpreted As A Healthy Signal For Restoring Balance.