It may take a while to get a grip with magical internet money, but as soon as you see the scarcity, sustainability and predictability, it is somehow in place. From Jamie Dimon to Donald Trump, in the end everyone understands Bitcoin.
In the end everyone understands Bitcoin
Anthony Pompliano summarized it best, against an image of some controversial personalities, including Donald Trump, Jamie Dimon and Jerome Powell, who changed their number on the number one coin. He said:
“In the end, everyone understands Bitcoin.”
In the beginning, the idea of a decentralized digital currency with skepticism, ridicule and sometimes outright hostility. But as the years have passed, some of the world’s most influential voices from Wall Street to Washington have changed their tunes, making Bitcoin’s journey from a frills obsession to a mainstream actively nothing less than historical.
Titans of Finance: their thoughts change
Take Jamie Dimon, the CEO of JPMorgan Chase. In 2017 he called Bitcoin a ‘fraud’, threatened to dismiss employees who traded it, and warned about government dropout. Fast-Forward to the present, JPMorgan offers Bitcoin-Blaootstelling to customers and Dimon regularly lives with crypto panels. He is critical of details, but his institution is deeply anchored in blockchain financing.
Blackrock CEO Larry Fink went from mentioning Bitcoin “an index of money laundering” to the supervision of the largest asset manager in the world who issues a Bitcoin ETF and publicly refers as “digital gold”. Fink’s villain stunned markets and meant a shift in the way Legacy Finance concerns the new digital economy.
Jerome Powell, chairman of the Federal Reserve, has also been skeptical about Crypto for years. But under his vigilance, the Fed now keeps closely on Bitcoin, referring to its relevance for the global markets and even a ‘competitor of gold’.
Politicians and power players
Donald Trump once rejected Bitcoin as very volatile and based on thin air. But by 2024, Trump reportedly was crypto donors and recognized Bitcoin’s increasing significance, as a result of the growing political influence of the active.
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Michael Saylor, now synonymous with Bitcoin interest, was not always a maximalist. Before 2020, Saylor doubted the lifetime of Bitcoin and he called the days “numbered” in 2013. Now his company MicroStrategy has more BTC than any other listed company (more than 636,000 coins) and Saylor has personally become the most famous evangelist.
And Mark Cuban called no different but bananas for years and increasing doubts about their usefulness. Nowadays he is an active participant in the crypto and NFT ecosystems that Bitcoin has and advises blockchain companies. In other words? In the end everyone understands Bitcoin.
Governments join the fold
If the world’s biggest names can change ideas, whole governments can do that too. According to The visual capitalist, the United States, is now the biggest holder of Bitcoin, where China follows closely.
These companies are often the result of seizure of law enforcement or strategic mining, but the fact remains: global governments contain thousands (sometimes hundreds of thousands) bitcoins, which quietly shift from outright prohibitions to accumulation and research.
Bitcoin’s path to mainstream acceptance is paved with resistance and then recognition. Whether it’s economic imperatives, technological curiosity or just the fear of missing, figures like Jamie Dimon and Donald Trump have finally come to the same sense: Bitcoin is here and it is inevitable; Even governments now hold Bitcoin as part of their strategic reserves.
What has ever met skepticism and doubt is now universally accepted at the highest level, what Pompliano proves that, despite the resistance, everyone ultimately understands Bitcoin.
