Bitcoin Magazine
At Bitcoin Asia Everything Was Upside Down
The suits are here, and Bitcoiners are the new hype in financial markets.
That’s been the story for most of this year, culminating spectacularly in the bitcoin price plunge during Bitcoin Asia 2025. Bitcoin, the most vocal vote-of-no-confidence in the permissioned fiat monetary system is now rushing headfirst back into traditional finance.
Cypherpunks, morphed into suitcoiners, have found their ultimate expression as stonkcoiners.
The rebellious teenagers repented their sins. The lost son has returned — in glamorous, greedy glory.
We, the nerdy outsiders who were once dead-set on building a new and improved world have become cheerleaders for regulated, permissioned securities — neatly levered up and financially engineered for maximum bitcoin-per-share. The laws of financial gravity rudely shoved aside, even the staunchest rebellious hacker has given up most of their principles now that Wall Street is payi
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