Can’t fight innovation

Something interesting happened on the 1st day of March,

many of us know Vanguard, like Blackrock, a top asset management firm in the world,

but while Blackrock and co have been hitting their heads trying to suck out Bitcoin liquidity from the market, last Month, Vanguards CEO has folded his arms and said no, Bitcoin is shit and we don’t touch shit,

essentially saying no to offering BTC ETF to its clients, this single move of course has landed him in some trouble.

The repercussion

Interesting thing is that when this first happened, it was rumored that many clients started to withdraw their funds from Vanguard,

not much was said after that until 3 days ago when the CEO of Vanguard got sacked or “stepped-down” as we may have it, and it all makes sense…..

Imagine your rich friends are diving into the Bitcoin frenzy,

their companies embracing the wave of change, their eyes set on the horizon of digital gold. There you stand, arms crossed, steadfast in your refusal to join the party.

"Bitcoin is a bubble," you say, echoing the sentiment of Vanguard's CEO, "We don't chase after the wind."

Fast forward a month, and the landscape has shifted dramatically.

In your face

Bitcoin's price surges, soaring past expectations and doubling in value. Your friends, the ones who embraced the BTC ETFs, are now basking in the glory of their foresight.

They're smashing financial records, making headlines, and solidifying their positions as visionaries in a new financial era.

And there you are, watching from the sidelines as the world you thought you knew transforms before your eyes.

The decision to shun Bitcoin, once a badge of honor, a symbol of resistance against the tide of speculation, has suddenly become a millstone around your neck.

Transform

It has gotten to that point now where if you fight against it it’s at your own detriment, Bitcoin has already won at this point.

Certainly, Vanguards CEO had it coming. He needs to take classes from Micheal Saylor.

Stepping down was a tacit acknowledgment that the refusal to embrace Bitcoin was not just a missed opportunity but a misstep that cost dearly.

This whole drama serves as a stark reminder of the fine line between conviction and stubbornness in a fast paced space as fintech.

In an era where cryptocurrencies are fast becoming mainstream, the cost of ignoring or outright dismissing these assets can be astronomical, both in terms of lost opportunities and reputational damage.

The rise of Bitcoin and other cryptocurrencies from niche investments to center stage of the financial world is a testament to the changing tides of investor sentiment and market dynamics.

For asset management firms, the choice is clear, adapt to the new reality or risk obsolescence.

For us, the crypto enthusiasts and blockchain believers, this unfolding story is a validation of our faith in cryptos transformative power.

$Push and $shove

Also, in other news, did I mention that I aped into a memecoin, there’s a new memecoin by a Splinterlands dev, the meme is meant to be affiliated with splinterlands community just to ride the meme wave with the broader crypto community.

So I put about $37, and I’m looking forward to be able to the story of how my $37 became a couple thousand dollars.

Interesting thing is that I’m like the only one with the tiniest amount of money in the protocol lol. Whichever way this goes I wish people all the profit they can get.

Thanks for reading fam! Know anyone who fought against BTC and won kindly comment below.

What do you think of the new meme?

images were generated with ai