The debate is still on-going if large investments from institutional firms, would be good or bad for Bitcoin in the long run. Some are saying it will bring more volatility and others are just happy that the price will probably go to the Moon.
There are also conspiracy theories doing the rounds that these institutions will use their financial powers to destroy Bitcoin.
Some are even saying that the small fish will be eaten by the big sharks. Let's consider the impact of this and how this will change the Bitcoin scene.
Will Bitcoin go 100% commodity & store of value or will it still be used as a currency?
when the price of BTC increases to $ 20k, it is also because these manipulators create it. when the price of BTC drops to $ 3k3, it is also due to these manipulating organizations.There are also conspiracy theories doing the rounds that these institutions will use their financial powers to destroy Bitcoin.
Some are even saying that the small fish will be eaten by the big sharks. Let's consider the impact of this and how this will change the Bitcoin scene.
Will Bitcoin go 100% commodity & store of value or will it still be used as a currency?
But this was natural. Without them, the value of BTC will not increase as high as now. If the SEC joins and dissolves all of these organizations, I guarantee that there will be lots of traders losing money. simply because when these institutions withdraw capital, it will make the whole market go down because the price of the BTC will drop very sharply.
And no one will want to invest in BTC anymore because basically BTC is not the best coin. The transaction is very slow and the fee is very high.
so we should get used to being manipulated.
The SEC is not going to close the doors of services that adhere to KYC/AML regulations. They might close the services that are not regulated or those companies trading without approval.
There are legal and illegal manipulation in all markets and if you have enough goods or fiat to manipulate the price in your favour, then you will do that, I know maze farmers who are working together to manipulate the price of maze on the market and it is perfectly legal in my country.
