Bitcoin’s $1 trillion identity crisis hits from every direction

In Washington, stablecoins have become the center of gravity. The bipartisan Genius Act passed easily. Regulators are openly encouraging dollar-backed token infrastructure. Even within crypto, Bitcoin is no longer the sole focus. Tokenization, blockchain-powered derivatives and cross-border stablecoin payments are emerging as credible use cases — none of which require Bitcoin to function.A clear signal came in November. Jack Dorsey — long one of Bitcoin’s most vocal corporate evangelists — announced his Cas ...