Reported 21 days ago
The increasing presence of institutional investors like BlackRock and Fidelity in the Bitcoin market raises concerns about the potential erosion of Bitcoin's original decentralized ideals. In a discussion featuring industry experts David Duong and Kelly Kellam, they highlighted that while institutions may accumulate Bitcoin, they do not control the network, which is primarily governed by miners. However, the possibility of these entities influencing Bitcoin's role as a currency and creating a more centralized system remains a concern. Kellam emphasized the importance of self-custody for true financial independence and noted that while ETFs can make Bitcoin accessible to less tech-savvy investors, individuals should prioritize learning to manage their own Bitcoin holdings.
Source: YAHOO