>Nakamoto had designed Bitcoin to eliminate the middleman, mostly Wall Street banks, state financial institutions, and mega-corporations, which most citizens loathe and despise. Bitcoin has succeeded in doing this, but it has failed to create any of the delicious freedom, equality, and liberty it had promised. Rather, only a few individuals have truly benefited from the crypto boom. In fact, a new power has risen alongside the existing financial aristocracy: the crypto elite, who’s secretly formed a monopoly behind the scenes.
While this is certainly true, i think they are pulling the trigger way too early with this article. The infrastructure of crypto and defi are still in the very early stages, meanwhile the coins are out there and major financial institutions already have the capital and existing infrastructure to buy up and create investment products in crypto. The crypto space will need time to create increasingly accessible options for investors, and while the giants establishing themselves in this space will be a barrier, to call it a failing of crypto as this article does is not accurate.