Is Crypto Still Capitalism?

Short answer: Absolutely yes. Crypto is basically capitalism on steroids.

The Rich Get Richer Game

Look at Bitcoin – it’s basically a “whoever has the most money wins” system. Mining? You need expensive computers to compete. Trading? Big investors can manipulate prices however they want.

Studies show that 0.1% of Bitcoin miners control 50% of the entire network. Sound familiar? It’s just like the regular stock market where the wealthy dominate everything.

It Became a Speculation Casino

Remember when crypto was supposed to be “money without banks”? Well, now it’s basically just a gambling platform. Most people buy crypto hoping to get rich quick, not because they actually want to use it as currency.

Even the big exchanges like Coinbase and Binance are just regular companies trying to make profits. So much for “decentralization” – it’s pretty centralized when you think about it.

Governments Jumped on the Bandwagon

Now governments are talking about “strategic Bitcoin reserves” and stuff. At this point, crypto has been completely absorbed into the traditional financial system. It’s not replacing anything – it’s just another asset class.

Bottom Line

Crypto didn’t change capitalism – it made it more extreme. Sure, the technology is cool, but economically speaking, it’s still the same old “rich people get richer” game that defines capitalism.

What was supposed to be “revolutionary money” turned out to be just “a fancy investment product.” The promise of financial freedom? More like financial speculation with extra steps.

The whole “neutral money” thing was basically a pipe dream. Crypto got swallowed up by the same power structures and wealth concentration patterns that exist everywhere else in capitalist markets.