Wall Street giant delivers blunt verdict on Bitcoin's sell-off

Bitcoin has officially lost its identity as a retail-driven rebellion. It is no longer a speculative bet for the people; it has matured into a corporate risk asset whose price is dictated by Fed expectations and ETF flows. With the marginal buyer now being a corporate treasury rather than an individual, Bitcoin is just another line item competing with AI for capital. If it’s just another institutional asset, has the original crypto dream died? What’s your take?
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