Bitcoin’s recent correction is prompting questions about its relevance. Pillage Capital argues that Bitcoin has fulfilled its original purpose, forcing regulators to accept tokenized assets. As the industry modernizes, Bitcoin’s value proposition weakens. Users prefer safety nets, highlighting the shift towards assets with real yield and utility. The era of “Magic Internet Money” may be coming to an end.

Read more at Yahoo Finance: Bitcoin May Become Irrelevant In The Next Bear Market, Viral Essay Argues