The meme shared by Hoskinson depicted the resilience and determination of early Bitcoin enthusiasts despite major setbacks such as Silk Road and Wikileaks. In contrast, it highlighted the modern-day Bitcoin community’s preoccupation with issues such as ETFs, JP Morgan’s involvement and the debate over self-custody.
Alongside the image, Hoskinson added a light-hearted remark: “This captures my feelings perfectly. I sadly lost the abs.” The comment not only added a personal touch to the tweet but also hinted at the shift in the cryptocurrency space over the years, and also in the mentality among Bitcoin holders.
Fast forward to 2024, and Bitcoin has grown into a globally recognized asset, with institutional investors and a much larger diverse community.
However, this growth has come with a new set of challenges and concerns. The issues highlighted in the meme, such as the impact of Bitcoin ETFs, the involvement of major financial players like JPMorgan and debates over self-custody, reflect the complexities that have emerged as Bitcoin has moved further into the mainstream.
Hoskinson, known for his efforts in Cardano creation and development, has a long-standing involvement with Bitcoin and has frequently expressed support for the cryptocurrency. His early efforts in the cryptocurrency space include substantial contributions to Bitcoin education.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
