Am I incorrect in believing that lack of institutional access to bitcoin is actually good for bitcoin?

In 2017 we had a massive run up and that was all retail investor driven.

Institutions sound good on paper but seem to only perpetuate paper bitcoin IOUs.

Yes/no?

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No.

Imo you are correct.

They don’t buy spot so they don’t add to the mania or the fiat value 🤷‍♂️

🤝

I tend to agree with you

Maybe no, everyone should know about bitcoin.

Fuck institutions there’s not enough Bitcoin for friends and strangers. Fuck institutions. Good night.

Completely agree. Id rather have it grow slowly with plebs than quickly with fidelity or some shit.

First of all, everything is good for Bitcoin. But to answer your question, imo any kind of inaccessibility to Bitcoin is a problem for everyone. Price discovery will continue to take place over decades with peaks and valleys. I don’t think it’s important what causes that. The most important thing is that anyone who wants Bitcoin can easily get it without being gate kept by other institutions.

Equity vs equality

Perpetuate paper IOUs and play games with bid/sell walls, spoofing and every other trick out there that retail can’t. At worst it would be more stable.

What do you mean when you say lack of institutional access?

Like, institutional infrastructure specifically dedicated to them?

Like the “crypto” banks

Not understanding, mate? What sort of institutional buying are you referring to?

Legacy bank opportunities or what?

Shortcuts lead to shattered dreams and broken hearts

I see exchanges/easy access to BTC at this early of a stage as a bad thing

It's a short cut, and leads to the little people who believe in the dream holding the bag

Slow and steady progress vs rapid unsustainable growth

Institutions do have access to bitcoin. Am I missing something?

“Crypto banks “

Not only. Fidelity for example serves institutional investors interested in buying bitcoin

The Blocksize War is such a good book and touches on this topic. We lost a lot of merchants during the fighting, but I wouldn’t change anything. As said in the book, we’re not just building a better payment protocol, we’re building a better money.