👀 [Analysis] The Coming Bifurcation of Bitcoin - Angus Champion de Crespigny
As Bitcoin's financialization looms, some investors worry over the potential conflict between the goals of maintaining a censorship-resistant financial network and the interests of the global financial industry who want exposure to this new and exciting asset. Do these two objectives clash? Champion de Crespigny explains that building institutional tools for Bitcoin investments could present unanticipated challenges in maintaining the decentralized and uncensorable nature of Bitcoin, which could, taken too far, undercut the entire value proposition of the cryptocurrency itself.
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