Darling, the cryptocurrency scene is heating up, but one chap has just thrown a bucket of icy wit into the mix. 🥶
A Bitcoin Wake-up Call, Darling! From the Ex-Block Chap, Mike Brock
“Bitcoin will fail. Because it’s a bloody lie,” scribbles Mike Brock, the erstwhile executive at Jack Dorsey’s bitcoin empire, Block. His words have caused quite the tizzy on social media, just as the cryptocurrency was starting to look perky again. 🌱💸
But Brock, my dear, isn’t just another naysayer; he’s a man who’s seen the sausage factory up close. Starting as a software engineer, he crafted Square Cash, which later morphed into the oh-so-chic Cash App. The very app that recently let its 58 million users pay in bitcoin without actually owning it. How très modern! 📱✨
This California darling climbed the ranks to become CEO of TBD, Block’s developer haven. But then, darling, the rug was pulled! TBD shut down in November 2024, and Brock bid adieu to his corporate dreams after eleven years. 🏢👋
“I walked away from it all, darling,” he writes. “The recruiters stopped ringing. Opportunities vanished. I lost the insider glow, the fat paycheck, and the illusion of being one of the good eggs in a rotten system.” 🥚💔
Brock’s main beef? Bitcoin is (or always was) a toy for the elites. A tool for a shadowy “corporate monarchy” to undermine democracy and usher in a Russian-style oligarchy. He admits many in the bitcoin crowd are ideologically opposed, but they’re turning a blind eye, darling, justifying their inaction with good intentions, only to become “useful idiots” for fascists. 🤡🔥
“I was one of those useful idiots,” he confesses. “Thinking my good heart and tech savvy made me different from those using the same tools for tyranny.”
There might be a grain of truth, darling. Caitlin Long, CEO of Custodia Bank, has also cried foul about shadowy whales manipulating prices. Institutional money has flooded bitcoin, with Blackrock leading the pack. Vanguard and Charles Schwab are jumping on the bandwagon too. These corporate monarchs are just as guilty as Peter Thiel, the oligarch par excellence. “Freedom and democracy? Not compatible,” Thiel wrote in 2009. 🦹♂️📉
Should we heed Brock’s warning? Who can say, darling? But one thing’s clear: bitcoin has gone from niche experiment to corporate America’s darling. It hit $126K in October, crashed to $80K in November, and now? Who knows how it ends. 🎢🤷♂️
“Bitcoin holders think the price will skyrocket in a crisis,” Brock quips. “In reality, it’ll dump like a ton of bricks. The high priests of bitcoin, in their religious fervor, believe the opposite. But to those still capable of reason, I send this warning now.” 🧙♂️⚠️
Market Metrics, Darling
Bitcoin was trading at $92,222.31, down 1% but up 0.85% for the week, according to Coinmarketcap. It fluctuated between $90,976.10 and $94,060.77 in the last 24 hours. 📊💹
Daily trading volume dropped 11.27% to $68.34 billion. Market cap stood at $1.93 trillion, and bitcoin dominance rose 0.21% to 59.41%.
Total bitcoin futures open interest dipped 0.82% to $59.52 billion. Liquidations were high at $108.31 million, with long investors losing $64.10 million and short sellers $44.22 million. 🩸💸
FAQ ⚡
- Why is Brock’s tittle-tattle causing a stir?
Because he’s an ex-Block insider with credibility, now claiming bitcoin is being hijacked by the elites. 🕵️♂️💼 - What’s his dire warning, darling?
A “corporate monarchy” is using bitcoin to undermine democracy and push us toward oligarchic rule. 👑🦹♂️ - How’s the crypto crowd reacting?
It’s sparked a fiery debate, with some agreeing the elites are reshaping bitcoin and others calling him an alarmist. 🔥🗣️ - Does Brock think bitcoin’s price will suffer?
Absolutely, darling. He says it’ll crash, not soar, in a crisis, contradicting many holders’ beliefs. 📉💥
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2025-12-05 01:25