Part 6/7:
Notably, the rhetoric surrounding cryptocurrencies often touts them as a liberating force from governmental control and regulation. This ideal, championed by advocates like Sacks, is quickly contradicted by the push for government-backed schemes to stabilize and monetize Bitcoin holdings. The contradictory nature of these arguments lays bare the reality that the crypto movement, which once rallied against government intercession, is now seeking state endorsement and financial support.