 | From my perspective, it appears that institutional investors are trying to take control of the ENTIRE crypto market. NOT just Bitcoin. From their perspective, they appear to believe that if they can control the price action and availability of crypto, then the miners, validators, nodes and developers don't matter. The way institutional investors try to control crypto will likely vary between coins & tokens. In the case of Bitcoin there's been speculation that they want to manipulate BTC the same way JPMorgan & others allegedly manipulated the precious metals market not too long ago. JP Morgan was recently fined a whopping 920$ million for this. In the case of Ethereum, it's clear that they see it as the payment network that Bitcoin was supposed to be and everything I've just told you suggests that they will perhaps try to control Ethereum as much as possible. This is THEORETICALLY possible now that Ethereum is proof of stake. Take a second to consider that these institutional investors literally have TRILLIONS of dollars on their hands in assets, it would only take a small fraction of that money to buy up the stake required to control Ethereum (and every single proof of stake cryptocurrency on the market). At that point, they would truly have total control. However, this all fundamentally depends on whether crypto is allowed to trade freely, meaning peer to peer or on decentralized exchanges. What's your opinion? Do you think they will play fair or will they try to take over? Waiting for your opinions! [link] [comments] |
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