Centralized Wealth: The Downside To Institutional Bitcoin Buying

Centralized Wealth: The Downside To Institutional Bitcoin Buying

The recent Bitcoin rally to as high as $42,000 has been predominantly been driven by institutional investors suddenly waking up and realizing the asset’s long-term value potential. Buying in now, means not paying ultra-high prices some day down the line if it ultimately catches on.

And while FOMO from wealthy individuals seeking to protect that wealth has been rewarding for cryptocurrency investors, the ongoing centralization of BTC and wealth could have dangerous consequences down the line, that the asset’s creator had sought to avoid. Here’s why the wave of institutional buying might not be as positive as it seems on the surface.

The Great Wealth Transfer From Cash To Bitcoin, Nothing More

Bitcoin price is trading at $37,000 per coin currently and has never been in higher demand, all while the world is still under the grips of a global pandemic. Unemployment has also never been higher, and normal everyday citizens are clamoring for stimulus money to help them pay the bills, or to cover the cost of food and other basic necessities.

Read the full article at Newsbtc.com

Get involved!

0 Comments

No comments yet

DISCLAIMER: All banners and links here are advertisements only. We do not endorse or vouch for any advertisers. Some programs may be illegal depending on your country's laws. Paying status and others status is just for our monitor. We don't give practice, all investments decisions are up to you.

Please bear in mind that all HYIPs and Autosurfs investments presuppose high risks.You've been warned about the hazards .We don't incur a liability for the money you may lose on any site listing here. We don't recommend you spend what you cannot afford to lose.