Who do you think controls BTC? What do you think crypto exchanges are? Meet the new boss, same as the old boss.
https://hacken.io/industry-news-and-insights/the-major-crypt...
All BTC would do is forever entrench the power of the Capital, while weakening the one entity strong enough to take it on: The State.
It would condemn us to forever be under the control of finance cartels, with no control mechanism to reign them in.
Every person that keeps their Bitcoin in a wallet where they have the private keys, owns their Bitcoin.
>What do you think crypto exchanges are? Crypto exchanges are platforms where you can buy or sell your crypto, either for fiat or for other crypto. Seems pretty simple. Some exchanges are large, like Binance, but it is wrong to think that they are like banks. Most people understand that the exchange is only used for buying or selling, and then once that activity is done, you transfer your crypto to a wallet where you control the keys.
People don't keep all their crypto holdings on the exchange (well some might) but the majority only use exchanges for buying/selling. With a bank, we keep all our money with the bank in an account/s. Some people keep cash in other places, but to think that exchanges are like banks is incorrect. So it is not the new boss. IF there were no option to withdraw crypto from exchanges into private wallets, then yes, that analogy would be correct. But it isn't/
The whole point of crypto is to become sovereign, and have your finances not able to be controlled by the state.
The state is not your friend....unless you are a communist, and like to lose all your assets and become poor.
The current system also promises salvation, except the difference is that Bitcoin at least is a limited resource, there will only ever be 21 million BTC minted whereas the Fed can print unlimited dollars and devalue the currency, which is what has been happening.
Promises of salvation is all that humanity has to give it hope of a better future.
When BTC was essentially worth less than $1 nobody could ever have imagined that the price would go as high as $59k within 11 years. Who knows what will happen in another 11 years, but i would like to think, that a finite asset such as BTC will be worth more, not less, and show the finance and banking cartels that we don't need them.