To be honest, I never like the institutionalization of Bitcoin because the institutionalization of Bitcoin is definitely being done for the benefit of a specific group.
And the decentralized system that Bitcoin has as its main goal is not implemented properly. And also the reason is that these big whales can manipulate the market.
And here you can say that Bitcoin adoption has increased due to institutionalization, but we also have to remember that if those kinds of adoptions come from hype, they will never be good for the network because they can become invisible just as they come from hype as investments.
We may hate them but I don't see anything wrong in institutions been a growth of Bitcoin. They are way better than the government everyone is looking forward to see adopt Bitcoin as reserve. The institution since they started to accumulate Bitcoin, they have never for once rebel against Bitcoin, they are more like the retailers that hold the community, they are even the same people that are lobbying for Bitcoin to be accepted by the government.
Actually, none of us know what kind of plans are being made or will be made inside any institution. You are talking about the government, it is itself an institution if we are going to explain it. So, if any specific institution or the government itself were to institutionalize Bitcoin, that would not be a positive thing for me. And among those who are in the government, they were also businessmen or owner of institution, as an example, Trump himself is enough.
Actually, if we give our opinions from our personal point of view, we can highlight many more logical points about institutional investment in Bitcoin.
I don't think there is any institutional investor that manipulated Bitcoin price for their personal gain since Bitcoin was created. How about the government, they made everyone feel fool and betrayed, they never accepted Bitcoin like many people expected but look what they are asking now, they say they want another chance that people should give them another 4 years, I just wonder what Trump will ask the Bitcoin community, the reaction will be epic
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Manipulations will not come to our direct attention, and they also manipulate the market in that way. For example, we already saw the Bitcoin pattern breaking in the last bull season where the market became bullish before the halving. And later, whole things went wrong and had an effect on the altcoin market, which is why we didn't see the altcoin season.
I am not against institutional investment in general, but I am also not in favor of the kind of institutional investment that can manipulate the market.
