The 5 Stages of Financial Elite’s Emotional Rollercoaster Ride with Bitcoin: From Denial to Acceptance

With the recent concentrated effort by the plutocratic elite to wreck #Bitcoin , we’re close to ending the chapter on “Bargaining” and beginning the era of “Depression.”

The cracks in our legacy financial institutions are showing.

Denial: “Bitcoin is a Scam”

The emergence of Bitcoin was initially met with skepticism and outright denial by many traditional financial players. They dismissed it as a passing fad, a scam, or a bubble that would eventually burst. Little did they know that this innovative technology would gradually gain traction, leading to a new era of decentralized finance and challenging the very foundations of the financial world.

Anger: Terrorism, Global Warming, and More

As the significance of cryptocurrencies became undeniable, the financial elite started to express their anger and frustration through various channels. They began associating Bitcoin with terrorism financing, money laundering, and even global warming due to its energy-intensive mining process. Despite these accusations, Bitcoin continued to flourish, making it clear that the anger phase was not going to deter its progress.

Bargaining: “Blockchain, Not Bitcoin”

Realizing that they couldn’t suppress the cryptocurrency movement, the traditional financial institutions tried a different approach: embracing the underlying technology — blockchain — while disregarding Bitcoin itself. The “blockchain, not Bitcoin” mantra became popular among those looking to harness the benefits of decentralization without accepting the rise of cryptocurrencies. However, this strategy has proven to be short-lived as the value of Bitcoin and other cryptocurrencies continues to soar.

Depression: The Cracks are Showing

As we stand on the brink of the “Depression” phase, the cracks in our legacy financial institutions are becoming increasingly apparent. With the plutocratic elite’s recent efforts to wreck Bitcoin failing, it’s clear that they’re losing control over the financial landscape. This period is marked by a growing sense of powerlessness and despair, as they witness their dominance slipping away in the face of an unstoppable technological revolution.

Acceptance: The Inevitable Future?

The final stage, “Acceptance,” is yet to come. This phase will be marked by a shift in perspective, as traditional financial institutions acknowledge the value and utility of cryptocurrencies like Bitcoin. Whether this acceptance will lead to a more inclusive and efficient financial system, or further entrench the divide between the old and new guard, remains to be seen.

Conclusion

As the crypto revolution accelerates, the five stages of grief provide an insightful framework for understanding the reactions of traditional financial institutions and the plutocratic elite. As we move closer to the era of “Depression,” we can only speculate what the eventual acceptance of cryptocurrencies will look like and how it will shape the future of finance. Regardless of the outcome, the impact of Bitcoin and its counterparts on the financial world is undeniable and will continue to challenge the status quo for years to come.