2. What services are institutions providing in the Bitcoin space?
Answer : Institutions in the Bitcoin space are providing services such as crypto custody, where they securely store and manage Bitcoin holdings on behalf of clients. They are also offering investment products like Bitcoin ETFs, which allow investors to gain exposure to Bitcoin's price movements without directly owning the asset. Additionally, institutions are collaborating with cryptocurrency exchanges, payment processors, and other crypto-related businesses to facilitate transactions and drive innovation.
The institutione could be a game changer in many ways an average bitcoiner could try all possible means to avoid them because they are centralized, have in custody what belong to us and could be having same role as the traditional commercial institutions like the banks we which we all avoided to come for an alternative means to get better privacy and trust with our finances, so to me these institutions has more of their disadvantages than the advantages they serve and they can modify policies for their own advantage over us.
If you're also talking about other opportunities for use case of bitcoin or where it can be made applicable for these institutions, that's for their own benefits, the bitcoin spot ETF is nothing to help us or the bitcoin network than these same institutions to gain from it if approved, the more these institutions shows interest the more it yield them profitability on their own personal interest while at others expenses, we are more concerned on how we could individually hodl our bitcoin in our personal wallet and be the institution ourselves.