Post
Topic
Board Bitcoin Discussion
Re: Institutional hodling and BTC being a speculative asset
by
mrjoy15
on 29/03/2021, 14:20:08 UTC

Anyway, what do you think about this institutional investor thing?

That's a dangerous thing happening! I am not denying the fact that institutional buying has greatly helped bitcoin to reach its current stage. But too much of institutional holding will further centralize the market and since bitcoin market is not regulated, it's pretty easy for them to manipulate it. That's where the problem is!

Corporates have billions of dollars worth cash reserve. They can become a whale in no time! Too much money comes with too much power and that power must not be misused. That's all!
Here we only can speculate, have no single idea what's going to happen. With the much institutional interest this time, perhaps they won't manipulate the market that much but I would still be prepared all kinds of unusual activities. There is absolutely no telling given the entrance of institutional money and I hope the market won't drop like in the past.