We need to have institutional investment in bitcoin if we are to see huge numbers like everyone dreams about
Guys who have been involved in Bitcoin for a while don't think the price of Bitcoin is all that important. What we view as very important is that the number of Bitcoin users increase while the platform remains anonymous, decentralized, affordable, and unregulated.
The only people who are concerned with the price of Bitcoin are those who never even heard of Bitcoin before 2017. And they think it's some sort of get-rich-quick investment vehicle.
If you want your bank to offer Bitcoin mutual funds and if you want your government to regulate/legislate Bitcoin, you are completely missing the boat on what Bitcoin stands for.
For a very very oversimplified explanation of why banks/government/institutions into Bitcoin is a terrible idea, I suggest you read my 13# on this thread: found here:
https://bitcointalksearch.org/topic/m.49685666And if you want a much better explanation than mine, here is Andreas Antonopoulos (a.ka. Bitcoin Buddah) explaining it very eloquently:
https://m.youtube.com/watch?v=LgI0liAee4s&t=262si am not sure how they can provide bonds and certificates with bitcoin without owning one
Any time you invest in Bitcoin and you don't have the keys in your wallet, you are not investing in Bitcoin at all.
Again, for a really oversimplified and dumbed down explanation, re-read my post 13# on this thread.
you really cannot issue bitcoin or any bonds without any collateral, if they issue bonds in the name of bitcoin they need to have real bitcoin as collateral.
This is what you believe based on your unshakable faith in the establishment and banksters. In fact when it comes to gold, I can buy an unallocated certificate, or an allocated one. They are the exact same price, except the unallocated one doesn't even pretend to have a gold bar attached to it.
I don't buy neither, I buy physical gold. And you can't buy that from a bank or from a broker.
Regulation will be coming up in near future so that we will have some clarity regarding those.
If it moves, government wants to tax it.
If it keeps moving, government wants to regulate it.
If it stops moving, government wants to subsidise it.
If you look around you today, you can't name a single thing or action that doesn't involve government legalizing it, legislating it, taxing it, standardizing it, permitting it, licencing it, subsidizing it, or restricting it.
And it greatly saddens me to watch statists beg for more government intervention into everything. It saddens me even more to see the Bitcoin community invaded by a bunch of government loving and Wall Street loving statists.