Whenever I talk about memes, it鈥檚 not all about the money making potentials it has, as it may sometime seem, for me it鈥檚 more about the possibilities, it鈥檚 about the innovation, creativity of the financial tools being built and how we as a people respond to them.
The other day I was having a talk with a friend and he鈥檚 like the entire vision of crypto being the peoples money has been eroded with VCs and centralized systems. He used the BTC ETF approvals scenario as his major point and he wasn鈥檛 wrong.
These days, corporations own large amounts of Bitcoin, perhaps too large. I don鈥檛 have much or argue about in that front but what I know that these VCs have also done has somehow contributed to democratizing of wealth in this industry. Through VC funding, many projects have been able to provide value to many people who might have not had the opportunity.
Through these VC backed projects, wealth has been generated and spread to more hands, it now depends on what those hands want to do with their gotten wealth. Many stay in the project and get eaten up when the VCs become vultures. Some have been able to do good stuff in real life that has positively impacted them.
And some have been lucky to get red pilled and given into bitcoin and began their sovereign life. So yeah while I understand that it looks like tradFi has captured crypto, no, it鈥檚 a mental a barrier we have to break. It doesn鈥檛 have to be so.
What do you think. Does VC mean all doom and gloom? Did tradFi capture crypto?