The true power of Bitcoin has never belonged to any particular group of people.

Institutions have come to the table, funds have bought in, and regulation is getting closer. The narrative has slowly shifted from rebellion to asset allocation. Many people are anxious because they feel the atmosphere has changed and the landscape has altered.

But the facts are exactly the opposite.

Bitcoin has never intended to please anyone since its inception, nor will it change direction because a certain group is in the majority. It is essentially a permissionless system that cannot be shut down and is self-driven by economic laws. What you see is merely different layers of people stacking up: at the bottom, there are still geeks and rebels building; in the middle, there are developers and nodes; at the top, there are institutions and users. Layered diffusion is completely normal.

On the contrary, the institutionalized entry has taken this game from a small circle to a global stage, and what truly strikes at the heart of the old system is not emotion, but this unstoppable economic mechanism.