An american investment company VanEck($49B AUM) is launching bitcoin exchange-traded note on German exchange Xetra.
https://decrypt.co/49488/49-billion-fund-manager-launches-bitcoin-etn-in-europeMore institutional money is flowing into bitcoin market with growing capitalization and adoption among the rich. Scarcity and high prices may soon become out of reach of the general public and may only be available to wealthy individuals or companies.
What do you think?
The grow of bitcoin will be caused by the money from the institutional investors and the new crypto users will help to create hype for bitcoin. Imagine when the billionaires will be joining in bitcoin. this will be pumping the price of bitcoin and as you said above only the company or billionaires can afford to buy a big quantity of bitcoin.
The only god thing that we have satoshi that will make everyone can still buy bitcoin even in a very small quantity like 0.0001 satoshi.
