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Ego Death Capital Co-founder: 'Institutional Behavior' May Impact BTC Long-Term Value
Summary: According to CoinTelegraph, Preston Pysh, co-founder of the Bitcoin risk fund Ego Death Capital, expressed in a recent podcast interview that early adopters of Bitcoin are skeptical of institutional trends and this sentiment is unlikely to disappear soon. Pysh, speaking with Natalie Brunell on the Coin Stories podcast, highlighted concerns within the Bitcoin community regarding ...
According to CoinTelegraph, Preston Pysh, co-founder of the Bitcoin risk fund Ego Death Capital, expressed in a recent podcast interview that early adopters of Bitcoin are skeptical of institutional trends and this sentiment is unlikely to disappear soon. Pysh, speaking with Natalie Brunell on the Coin Stories podcast, highlighted concerns within the Bitcoin community regarding institutional behaviors such as Bitcoin derivatives trading and their long-term impact, leading to questions about whether Bitcoin can still serve as a safe haven asset. Pysh emphasized that the core of Bitcoin culture is to question everything, and institutional involvement differs significantly from individual participation, making it challenging for the Bitcoin community to accept.
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Link: Ego Death Capital Co-founder: 'Institutional Behavior' May Impact BTC Long-Term Value [Copy]
