October 2025: value of bitcoin at over $125,000. February 2026: bitcoin value at $69,000 (data from yesterday morning). In these numbers we can clearly read the strong crisis that the most well-known and widespread cryptocurrency has been experiencing in recent months, a crisis that is not only strictly economic – despite maintaining a capitalization of around 1.4 trillion dollars – but also structural.
Many of his great supporters, even some of the «maximalists» advocates of «hodl» (keeping the currency in the wallet at all costs), are in fact facing what appears to be a reality: the revolution of Bitcoin (with a capital B) appears to have failed. Born with the intention of creating a decentralized and shared system, Satoshi Nakamoto’s virtual currency has gradually become more and more similar to all global transactional systems. This can be seen from its oscillations.
If in fact the volatility has always been a characteristic feature of bitcoin, now the great peaks, upwards and downwards, seem dictated by the same causes that influence the financial markets: geopolitical factors, decisions such as the election of the new president of the US Fed, boom or flop in the accounts of large companies in the tech world. Bitcoin has in fact become partly institutionalized, also under the pressure of investments made by the main global banking players, and from a mysterious and disruptive flame of change it has become the hot hearth of contemporary turbocapitalism.
Therefore the common investor is now presented almost like any other investor financial instrument to which to divert part of one’s resources. Also because it failed it is not the very idea of virtual currenciessee stablecoins and the possible advent of the digital euro, but what was hidden behind bitcoin: the project of a new economic and financial world, less controlled and more in the hands of the people.
date: 2026-02-11 03:27:00