Bitcoin May Become Irrelevant In The Next Bear Market, Viral Essay Argues

The latest Bitcoin (CRYPTO: BTC) correction is raising a deeper question: are traders and institutions finally moving on from the crypto king?

According to a widely circulated analysis from Pillage Capital, the answer is yes — and the reason isn’t temporary market weakness, but structural irrelevance.

What Happened: Pillage Capital argues that Bitcoin has already fulfilled its original mission.

It was never designed to become humanity’s end-state currency, it was a decentralized battering ram built to shatter the U.S. government’s resistance to digital bearer assets after early experiments like E-gold were shut down.

By eliminating centralized choke points, Bitcoin survived long enough to force regulators …

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