Of the $6 billion stolen from Binance, half ended up in Kim Jong-un's pocket—no wonder he's all smiles! Another $3 billion was frozen. These frozen assets are either issued by centralized institutions, such as stablecoins, or issued on centralized blockchains. As compliance with regulations deepens in the crypto space, the narrative of decentralization will gradually fade. Therefore, I don't believe BTC and Bitcoin can still be the future leaders of crypto assets.