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Wall Street’s Bitcoin Takeover: Jim Bianco Exposes How the Establishment Hijacked Crypto’s Rebel Spirit

Wall Street’s Bitcoin Takeover: Jim Bianco Exposes How the Establishment Hijacked Crypto’s Rebel Spirit

Author:
Bitcoinist
Published:
2025-08-04 06:49:56
20
1

Bitcoin Has Been Co-Opted’: Jim Bianco Says Wall Street Hijacked It

Bitcoin was meant to be the people’s money—now it’s just another asset on Goldman Sachs’ balance sheet.

Jim Bianco pulls no punches: ‘The revolution got institutionalized.’ From Satoshi’s whitepaper to BlackRock’s ETF, the original vision has been diluted by suits chasing 20% returns. The blockchain doesn’t lie—over 40% of BTC supply is now held by whales and corporations.

Wall Street’s playbook? Same as always. First ignore, then ridicule, then co-opt. Now they’re charging 2% management fees on your ‘decentralized’ asset. How very… efficient.

|Square

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