Nuh on Nostr: Bitcoin offers institutions NOTHING. Not only don't they need a hedge against the ...
Bitcoin offers institutions NOTHING. Not only don't they need a hedge against the state, because they are a function of the state, but holding Bitcoins as an institution sucks ass. Bitcoin at the moment is just Gold that is cheaper to hold, and will remain so until it is used in more commerce. Gold is not interesting to institutions either, institutions want stocks or bonds, things that can have retursn. The upside is that we should be able to have these on Bitcoin or on second layers that pay fees to miners and use Bitcoin for liquidity...
If Bitcoin doesn't facilitate commerce nor finance... Then I am afraid we exhausted all the holders market in the universe. And the best going forward is price stability, no growth.
I keep hearing about all the billions left on the sidelines, which will come rushing into Bitcoin when some legislative or regulatory event occurs.
Here's some history:
- Bitcoin futures ETFs. October 2021, price $61k
- Bitcoin spot ETFs. January 2024, price $42k
- March 2026, price $70k
Now, maybe it's still coming, but at this point you might want to start doubting this narrative.
