Quote from: MyCryptoDomains on February 21, 2021, 08:56:04 PM

Hi.
Nowadays everyone is talking about the institutions getting into the game and how this is going to turn BTC into a serious asset, not a speculative one because they will hold it for a long time thus decreasing volatility.
I guess if some biblical super cycle occurs and BTC eats gold and other "safe" investments in one go it will become the main "store of value" game in town and not a speculative asset anymore. But that seems to be too optimistic for now, although who knows.
Anyway, what do you think about this institutional investor thing?

As you said, institutional investors are big players, and their existence or their holdings are long-term. It will decrease the volatility. And if it is less volatile then other risk-averse people will buy it. In Canada, they issued Bitcoin ETFs and there is significant interest in that. Similar actions will bring additional value to Bitcoin.
Yeah even though Bitcoin is revolutionary technology or investment, it is susceptible to failure too. But it will not be a technological failure, it will be a failure related to thoughts about Bitcoin. Early adopters thought of Bitcoin as great technology to replace traditional money. But nowadays, people think of Bitcoin as a speculative asset that if you buy it will go to the moon. Early adopters will not leave Bitcoin as long as they have to, but for others selling bitcoin is just trading cryptocurrencies, it does not mean a lot for them.
However, Bitcoin is still strong. I do not think "great sale" will happen anytime soon. Hoping it will end fine for everyone.