Re: Institutional investors are buying Bitcoin's future... How do we stop this?
We have seen recent news that some large Institutional investors are buying large amounts of coins. Now, if you are a speculator and trader, this will be good news to you, but if you are into Bitcoin for the technology and the goal for Bitcoin to be a alternative currency, then you should sit up and take notice.
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How can we stop that from happening? ...... Let's discuss, because this will be interesting to see how we will be countering this unintended attack.
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How can we stop that from happening? ...... Let's discuss, because this will be interesting to see how we will be countering this unintended attack.
In my opinion, the world is objective.
Currently, we see that bitcoin is not a common means of payment. On this I absolutely agree with Nassim Taleb (the author of the concepts of the black swan and antifragility).
At the same time, Bitcoin is in great demand as the world's reserve currency. This is reality.
If companies and large corporations use it in this capacity, they will bear the cost of maintaining the network.
Bitcoin mining will be a strategic industry like a military-industrial complex.