If Bitcoin isn’t ‘crypto,’ what makes it different?

Bitcoin’s design, governance and regulation set it apart from crypto. From supply rules to ETFs, it now sits in a category of its own.

An X post from Jack Dorsey revived an old question: Is Bitcoin part of “crypto” or a category of its own?

On Oct. 19, 2025, Jack Dorsey posted three words on X: “bitcoin is not crypto.” The post quickly drew attention across the platform and in media coverage. It reflected a view he has long maintained, that Bitcoin should be regarded as money with its own rules and history, not included in the broader token market.

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