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

• https://www.ccn.com by Greg Thomson

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 financial elite.

So yes, the institutions are absolutely coming to crypto, and if you think that's a good thing, then this may be a good time to ask where your loyalties actually lie.

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