Sleeping with the Enemy: Why Institutional Adoption is Bad for Bitcoin

Sleeping with the Enemy: Why Institutional Adoption is Bad for BitcoinIf recent noises coming out of Wall Street are anything to go by, it looks like 2019 is shaping up to be the year of the institutions for Bitcoin and cryptocurrency. However, the arrival of the institutions as they stampede over that hill represents a double-edged sword. On the one hand, prices will almost certainly pump in the short to medium term, even if just by association alone. On the other hand, we appear to be in the process of welcoming into our beds the very enemy that cryptocurrency was set up to defeat – the old, deep-rooted bloodlines of
The post Sleeping with the Enemy: Why Institutional Adoption is Bad for Bitcoin appeared first on CCN

If recent noises coming out of Wall Street are anything to go by, it looks like 2019 is shaping up to be the year of the institutions for Bitcoin and cryptocurrency. However, the arrival of the institutions as they stampede over that hill represents a double-edged sword. On the one hand, prices will almost certainly pump in the short to medium term, even if just by association alone. On the other hand, we appear to be in the process of welcoming into our beds the very enemy that cryptocurrency was set up to defeat – the old, deep-rooted bloodlines of

The post Sleeping with the Enemy: Why Institutional Adoption is Bad for Bitcoin appeared first on CCN

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