The Great Crypto Letdown: These Bitcoin bulls overpromised

Cryptocurrency was once pitched as a noble experiment in financial independence — a way to bypass gatekeepers, empower individuals and rebuild trust in a system broken by excess and exclusion. Instead, that ideal has been steadily diluted.

Summary

  • Cryptocurrency, once championed as a tool for financial independence, has largely been co-opted by influencer hype, and speculative frenzy.
  • In 2024, crypto bulls rallied behind Trump, backing his pro-crypto rhetoric. But 2025 predictions fell short.
  • Michael Saylor, Tim Draper, Tom Lee, Cathie Wood, and Anthony Scaramucci overestimated Bitcoin’s 2025 performance, and the “top cryptocurrency” now faces a viability test.

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