Ego Death Capital Co-Founder: "Institutional Behavior" May Impact BTC's Long-Term Value
ChainCatcher reports, citing CoinTelegraph, that Preston Pysh, co-founder of the Bitcoin venture fund Ego Death Capital, stated in a recent podcast interview that early Bitcoin adopters’ skepticism toward institutionalization is unlikely to fade anytime soon.
In a conversation with Natalie Brunell of the Coin Stories podcast, Pysh pointed out that institutional involvement in “institutionalized behaviors” related to Bitcoin, such as Bitcoin derivatives trading, has sparked concerns within the Bitcoin community about its long-term impact, with some questioning whether Bitcoin can still serve as a safe-haven asset as it did in the past.
Pysh emphasized that the core of Bitcoin culture is to doubt and question everything, and that the way institutions participate will be fundamentally different from individuals, making it difficult for the Bitcoin community to accept.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Flipflop launches its first 30 projects, creating a value launchpad for micro-Bitcoin
The Fed’s Baseline Scenario: A 25-Basis-Point Rate Cut in September
ETH/BTC rose to 0.0418 this morning, rebounding 135% from the April 22 low
