Quote from: jonval21 on April 01, 2021, 10:06:18 PM

Quote from: Binary Bounties on April 01, 2021, 05:58:39 PM

I see bitcoin becoming an institutional coin in the nearest future. institutions are beginning to buy bitcoins in billions of dollars. this will automatically reduce the amount of bitcoin in circulation thereby forcing up bitcoin price.

Bitcoin has never been institutional in nature, the fact that institutions are currently being interested is something else, now what is most seen is investment, but why? Because it has been determined that Bitcoin can be considered by some as a safe haven, for some it is more profitable to leave the investment of gold and put it in Bitcoin.

The new rich have entered and there are still many to enter, those who have entered many have manifested it but the majority who will enter will be anonymous and yes, the more they enter buying, the higher the price will be.

In any case, it is still too early to talk about it. So far, we do not know so many examples of buying bitcoin by large business structures. This phenomenon has not yet become widespread. In addition, the real effect of this will be when states notice it and accept the appropriate conclusions. Cryptocurrency has not even become completely legal in the world, and therefore it and the participants in this market still have many unresolved problems.