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Bitcoin's Reputation hinders The Pace Of Institutional Investors, Says Analyst

Mary Liu

Summary: Robert Li, the analyst of Draper Dragon said at today’s Latin American Bitcoin Conference that although many large companies have entered Bitcoin in 2020, there are still several problems with Bitcoin for institutional investment to welcome it. He said: “Number one would be reputational issues stemming from Bitcoin’s previous association with organized crime and terrorists and ...

Robert Li, the analyst of Draper Dragon said at today’s Latin American Bitcoin Conference that although many large companies have entered Bitcoin in 2020, there are still several problems with Bitcoin for institutional investment to welcome it. He said: “Number one would be reputational issues stemming from Bitcoin’s previous association with organized crime and terrorists and online drug dealers. I think in years past many folks were very quick to casually dismiss Bitcoin as a fraud or as a scam.”

Secondly, there are legal and regulatory issues. Li pointed out: "In many respects, the U.S. cryptocurrency regulation is still immature."

Mary Liu

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