Quote from: Lawrenzoo on June 24, 2019, 08:11:45 AM

Quote from: Kakmakr on December 07, 2017, 06:43:06 AM

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?

This is not new, they have been practicing this already, and the market is still doing fine.

The market is being driven by speculation, and no matter the number of time they strike, it will not completely damage the market, but I dont think a genuine financial institution will purposely come with the mind of destroying the market, in fact if not for some of these large financial institution, the whales may have killed interest of investors complete on cryptocurrency.

Financial institution with large capitalization which we usually refer to as bulls has been the ones balancing the equation and has given chance to so many people to understand how to play along with whales that their sole purpose is to pump the market and dump it.