Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Aquafina on July 19, 2023, 05:11:13 PM



Title: the adoption of Bitcoin in institution
Post by: Aquafina on July 19, 2023, 05:11:13 PM


In my own understanding the adoption of Bitcoin by institutions refers to the growing interest and involvement of traditional financial institutions and large organizations in Bitcoin as an asset and technology.The key factors driving this adoption include the recognition of Bitcoin's potential, the availability of institutional investment vehicles, increased regulatory clarity, the presence of institutional-grade custodial services, institutional demand, endorsements by influential figures, and the development of a robust infrastructure. While institutional adoption is still in its early stages, it signifies a significant shift in the perception and utilization of Bitcoin within the mainstream financial industry.also some company and businesses like Microsoft, AT&T, Overstock.com, Shopify, and Expedia accept Bitcoin, Online retailers like Newegg and TigerDirect accept Bitcoins in purchase of their electronic or computer.some Charity Organizations and Universities accept Bitcoin for example For example, the Electronic Frontier Foundation (EFF) and The University of Cumbria in the United Kingdom and King's College in New York.


Title: Re: the adoption of Bitcoin in institution
Post by: Odusko on July 19, 2023, 06:09:01 PM
The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.

But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding


Title: Re: the adoption of Bitcoin in institution
Post by: cabron on July 19, 2023, 06:54:14 PM
The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.

But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding

There are few before institutions came like Tesla and Saylor. The adoption in institutions these days though are a bit surprising as they were all suddenly applying or ETF yet the prices are not really going up.

These institutions also are the ones that made the price of gold go down as they were suppressing it and making it not attractive to new investors. This invasion of institutions may also result in suppressing BTC price.


Title: Re: the adoption of Bitcoin in institution
Post by: KiaKia on July 19, 2023, 07:03:19 PM
The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.

But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding
Pretty hard to digest, because institutions understand the value of Bitcoin more than others, some even build their companies and use Bitcoin as the funding source or let me say investment that keeps the companies running, not all of them are dumpers, the same way that some whales behaves is the same way that some institution investors are doing too, even small time investors are dumping too and some are holding.


Title: Re: the adoption of Bitcoin in institution
Post by: Dr.Bitcoin_Strange on July 19, 2023, 07:07:15 PM
@Aquafina, Do you think this is really just a new idea that many people don't know about? Perhaps you are not really asking any questions for clarity or anything else. If you really want to contribute positively, It's not just all about creating topics; it's also about reading what others, mostly recognised members, have written, and I believe you will have a good opinion to add. I'm not saying it's wrong to create topics, but most times when what you want to create is not something that's really necessary, then it's just better to add your opinion to similar topics.


Title: Re: the adoption of Bitcoin in institution
Post by: Doan9269 on July 19, 2023, 07:22:11 PM
Adoption of bitcoin by institutions and world top ranking organizations and corperate businesses in fast increasing ever, there have been many educational institutions of learning where bitcoin adoption is been made and taught as well, we could see that ever since bitcoin swindles it's way in for educational learning institutions will also make it acceptance and adoption go broader and people can have better understanding of this digital currency more than ever before, because it been taught as well in some schools curriculum for more better understanding of bitcoin in the education sectors for the students to learn.


Title: Re: the adoption of Bitcoin in institution
Post by: mendace on July 19, 2023, 07:37:29 PM
Institutions are recognizing the potential of Bitcoin as a significant technological innovation, with unique characteristics such as decentralization, immutability and transaction security.
The availability of institutional investment vehicles, such as investment funds and Bitcoin-related financial instruments, is facilitating market access for large financial institutions.
Growing demand from institutional investors is prompting financial institutions to seriously consider including Bitcoin in their investment strategies.
The endorsement and endorsement of influential figures in the financial and tech worlds are helping to legitimize and promote the adoption of Bitcoin.
The development of a robust infrastructure for Bitcoin, including exchanges, digital wallets and related services, is making it easier and more convenient to use the cryptocurrency.
I think the institutional adoption of Bitcoin is getting more and more interesting in recent years.


Title: Re: the adoption of Bitcoin in institution
Post by: Die_empty on July 20, 2023, 02:05:06 AM
But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding
We all know that the reason why most of these institutions are embracing bitcoin is for profit making. Others have the intention of manipulating the market with their bitcoin holdings. But we shouldn't deny the fact that other genuine institutions are venturing into the sector. Bitcoin as a decentralized currency offers many businesses unhindered access to finance that is used to facilitate international trade. Some countries are facing sanctions that affect the business transactions of businesses. Bitcoin has helped many institutions to invade these sanctions which would have some negative impact.

These institutions also boast public confidence in bitcoin because people will be attracted to the space due to the reputation of these firms. I also believe that bitcoin awareness will grow when more renowned institutions promote it. The bottom line is that, though these institutions might have negative intentions they could also have some indirect positive influences on bitcoin.

@Aquafina, Do you think this is really just a new idea that many people don't know about? Perhaps you are not really asking any questions for clarity or anything else. If you really want to contribute positively, It's not just all about creating topics; it's also about reading what others, mostly recognised members, have written, and I believe you will have a good opinion to add. I'm not saying it's wrong to create topics, but most times when what you want to create is not something that's really necessary, then it's just better to add your opinion to similar topics.
These newbies are desperate to contribute to the forum and at least get some merit. They want to share the little they have learned thinking that it is new to the forum. They should learn how to use the search option before they create topics and newbies are supposed to be learning instead of creating topics. But we should also know that this topic can be beneficial to other newbies. Most of them might gain something from the OP and the response this thread will attract from some established members.


Title: Re: the adoption of Bitcoin in institution
Post by: ImThour on July 20, 2023, 02:36:10 AM
The institutions buying Bitcoin play a very dirty game in the beginning, you may know that the biggest names try to throw down the image of Bitcoin in the market so that the price drops and they can buy Bitcoin for a cheap price as they want to invest millions of the fund they have. And once it goes down, they buy it via OTC and other methods and release a statement how good Cryptocurrency and Bitcoin is for future payment methods. Silly :D


Title: Re: the adoption of Bitcoin in institution
Post by: MusaMohamed on July 20, 2023, 02:46:12 AM
The institutions buying Bitcoin play a very dirty game in the beginning, you may know that the biggest names try to throw down the image of Bitcoin in the market so that the price drops and they can buy Bitcoin for a cheap price as they want to invest millions of the fund they have. And once it goes down, they buy it via OTC and other methods and release a statement how good Cryptocurrency and Bitcoin is for future payment methods. Silly :D
Like Jamie Dimon and JP Morgan.

JPMorgan's Dimon says bitcoin 'is a fraud' (https://www.reuters.com/article/legal-us-usa-banks-conference-jpmorgan-idUSKCN1BN2PN) in 2017.
What they did four years later?
JPMorgan to give all wealth clients access to crypto funds - Business Insider (https://www.reuters.com/business/finance/jpmorgan-give-all-wealth-clients-access-crypto-funds-business-insider-2021-07-22/).

I am not surprised if in 2024, 2025 or a another bull run in 2028, 2029, Jamie Dimon and JP Morgan will appear in Bitcoin Treasuries (https://bitcointreasuries.net/)


Title: Re: the adoption of Bitcoin in institution
Post by: MinerHQ on July 20, 2023, 02:46:27 AM
The adoption of Bitcoin in financial institutions has become a significant topic of discussion. The rise of the FedNow payment system, competition from crypto payments, and the potential introduction of Bitcoin spot ETFs have sparked interest in the institutional adoption of cryptocurrencies.

The launch of the FedNow payment system has been seen as a potential challenge to the growth of cryptocurrencies like Bitcoin.

Bitcoin ETFs have emerged as a game-changer in the crypto space. If approved, they could open the door for a diverse range of investors, signaling increased acceptance of digital assets by regulatory authorities and facilitating broader integration into conventional financial systems.

Despite these opportunities, the institutional adoption of Bitcoin faces some hurdles. Recent market trends indicate that miners have been selling Bitcoin as the price rises, possibly using newly minted coins as collateral for derivatives trading activities, which may indicate hedging strategies in case of a price downturn.

The adoption of Bitcoin in institutions presents a unique mix of opportunities and challenges.


Title: Re: the adoption of Bitcoin in institution
Post by: Darker45 on July 20, 2023, 03:10:45 AM
That's pretty much it. That's what is meant by Bitcoin adoption among institutions. But, just to clarify, when we speak of institutional adoption, we are not only speaking of those traditional financial institutions embracing Bitcoin in whatever way they prefer; we are also speaking of other institutions including those that are not really traditional in nature. Retail giants in E-Commerce, for example, are neither financial nor traditional. But they have also gotten into Bitcoin adoption.


Title: Re: the adoption of Bitcoin in institution
Post by: laurenB7742 on July 20, 2023, 03:44:16 AM
The institutions buying Bitcoin play a very dirty game in the beginning, you may know that the biggest names try to throw down the image of Bitcoin in the market so that the price drops and they can buy Bitcoin for a cheap price as they want to invest millions of the fund they have. And once it goes down, they buy it via OTC and other methods and release a statement how good Cryptocurrency and Bitcoin is for future payment methods. Silly :D
Like Jamie Dimon and JP Morgan.

JPMorgan's Dimon says bitcoin 'is a fraud' (https://www.reuters.com/article/legal-us-usa-banks-conference-jpmorgan-idUSKCN1BN2PN) in 2017.
What they did four years later?
JPMorgan to give all wealth clients access to crypto funds - Business Insider (https://www.reuters.com/business/finance/jpmorgan-give-all-wealth-clients-access-crypto-funds-business-insider-2021-07-22/).

I am not surprised if in 2024, 2025 or a another bull run in 2028, 2029, Jamie Dimon and JP Morgan will appear in Bitcoin Treasuries (https://bitcointreasuries.net/)

We call them trash, but for them, that's the strategy they use. That's why I advise people not to believe anything institutions or banks say about bitcoin. We all know its potential, and they just don't want us to hold too many bitcoins. They constantly oppose and slander bitcoin to keep us away from it, but they still silently buy bitcoin every time we sell. Don't believe what they say but look at what they are doing, we are for profit, they are like us, profit always comes first.


Title: Re: the adoption of Bitcoin in institution
Post by: Sovannar Sangha on July 20, 2023, 04:01:26 AM
In my own understanding the adoption of Bitcoin by institutions refers to the growing interest and involvement of traditional financial institutions and large organizations in Bitcoin as an asset and technology.The key factors driving this adoption include the recognition of Bitcoin's potential, the availability of institutional investment vehicles, increased regulatory clarity, the presence of institutional-grade custodial services, institutional demand, endorsements by influential figures, and the development of a robust infrastructure. While institutional adoption is still in its early stages, it signifies a significant shift in the perception and utilization of Bitcoin within the mainstream financial industry.also some company and businesses like Microsoft, AT&T, Overstock.com, Shopify, and Expedia accept Bitcoin, Online retailers like Newegg and TigerDirect accept Bitcoins in purchase of their electronic or computer.some Charity Organizations and Universities accept Bitcoin for example For example, the Electronic Frontier Foundation (EFF) and The University of Cumbria in the United Kingdom and King's College in New York.

That's right, they already know BTC is a potential coin and the proof is as you said with many companies and businesses accepting payment alternatives in several transactions using BTC and many financial institutions are also starting to get into this asset. Will this be a big move for BTC in the bull season?


Title: Re: the adoption of Bitcoin in institution
Post by: Fivestar4everMVP on July 20, 2023, 07:39:30 AM
The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.

But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding
I think you are partially correct and partially wrong, institutional investors still contribute their quota in bitcoin adoption, though not significant and direct per say, some thing you have to understand is that, aside me and you telling our close friends and relatives about bitcoin, which is assumed as promotion or advertisement, the price of bitcoin is also advertising bitcoin, this means that the higher the price of bitcoin goes, the more more people get to learn about bitcoin somehow, and how does the price of bitcoin go up?, its by investor buying, and in this case, the institutional investors are the ones with the big money, as the pour in those money on bitcoin, the price of bitcoin moves up, putting it in the limelight to be discovered by more potential investors, so judging this from this context, the institutional investors and sure contributing to the adoption of bitcoin though not directly.


Title: Re: the adoption of Bitcoin in institution
Post by: TravelMug on July 20, 2023, 08:16:20 AM


In my own understanding the adoption of Bitcoin by institutions refers to the growing interest and involvement of traditional financial institutions and large organizations in Bitcoin as an asset and technology.The key factors driving this adoption include the recognition of Bitcoin's potential, the availability of institutional investment vehicles, increased regulatory clarity, the presence of institutional-grade custodial services, institutional demand, endorsements by influential figures, and the development of a robust infrastructure. While institutional adoption is still in its early stages, it signifies a significant shift in the perception and utilization of Bitcoin within the mainstream financial industry.also some company and businesses like Microsoft, AT&T, Overstock.com, Shopify, and Expedia accept Bitcoin, Online retailers like Newegg and TigerDirect accept Bitcoins in purchase of their electronic or computer.some Charity Organizations and Universities accept Bitcoin for example For example, the Electronic Frontier Foundation (EFF) and The University of Cumbria in the United Kingdom and King's College in New York.

It's two fold, maybe what we are seeing is in the early stage, but there could be more that we really don't heard from behind. Maybe they are a lot of institutions already who have invested since 2017.

But there could be some who really saw the potential of bitcoin as you have said. Now we even have government to support us. And big names like Michael Saylor and then we have institutions filing for a Bitcoin spot ETF. So everything looks good and adoption will definitely grow in the future.


Title: Re: the adoption of Bitcoin in institution
Post by: Sim_card on July 20, 2023, 08:28:48 AM
The institutions are also contributing to the adoption of bitcoin in the sense that people look up to these whales based on the firm that they have the commercial field. They have people who look up to them to as a role model,and they buy a significant number of bitcoin because of how wealthy they are. It goes on air that an institution has bought a good number of bitcoin,their followers might want to also adopt bitcoin for themselves,demand and supply is what bitcoin price depends on. Institutions can only manipulate the price of bitcoin in a short term. Most of them invest to make profit because they are businessmen.


Title: Re: the adoption of Bitcoin in institution
Post by: Popkon6 on July 20, 2023, 09:05:36 AM
Basically the point is that Bitcoin is open and can be accepted by everyone. Because it is possible to earn bitcoins by following various processes and using techniques when accepting bitcoins, all organizations and individuals are interested in bitcoins. Since the company has announced acceptance of Bitcoin it is definitely a good decision but Bitcoin will be best for long term. Especially when organizations decide to buy bitcoins, they use various excuses to buy bitcoins at cheap prices. Because it is a good sign that they can buy using any technique that is difficult for unique people.


Title: Re: the adoption of Bitcoin in institution
Post by: retreat on July 20, 2023, 09:08:11 AM
From the examples you gave we can see that most institutions accept Bitcoin only for profit. It is true that their accepting or investing in Bitcoins causes an increase in the value of Bitcoins, but that also means that they can release their Bitcoins at any time and that of course will also affect the price of Bitcoins. So institutional adoption of Bitcoin is like a double-edged sword, it can be both profitable and detrimental to the Bitcoin market itself.


Title: Re: the adoption of Bitcoin in institution
Post by: Smack That Ace on July 20, 2023, 09:16:33 AM
From the examples you gave we can see that most institutions accept Bitcoin only for profit. It is true that their accepting or investing in Bitcoins causes an increase in the value of Bitcoins, but that also means that they can release their Bitcoins at any time and that of course will also affect the price of Bitcoins. So institutional adoption of Bitcoin is like a double-edged sword, it can be both profitable and detrimental to the Bitcoin market itself.

I see some people criticizing when institutions accept bitcoin for a profit, it's not fair because we always say bitcoin is for everyone and what they do is not wrong. Because we also invest in bitcoin for a profit, so why don't they have the right to profit from bitcoin? It is true that the entry of large institutions into the market will sometimes cause massive dumping as they take a profit. But that's how they make a profit, and I see that as a good thing because I will have a chance to buy bitcoin cheaply when it gets dumped.


Title: Re: the adoption of Bitcoin in institution
Post by: SmartGold01 on July 20, 2023, 10:32:50 AM
I can categorically say that whatever institution that is adopting bitcoin does not adopts it for adopting sake, some of these institution are solely on profit maximization and also sometimes controls and manipulate the market to which they wanted. We often know it attributes to the rate at which bitcoin spread across the globe but even as that I don't think there's no one today who is buying bitcoin without the intention of making profits include you and I that here today. Let say, being in this forum gives you a better understanding on how to effectively understand the importance of bitcoin and it's security aspect.

I think we have to overlook and stops criticising when and institution ventured and start accepting bitcoin to their general development that would lead to a better exposure of their products and services. I believe today any institution that start accepting bitcoin today are in the forefront above others and it eases ways of transactions and bring new opportunities to the entire institution as well as promoting the max adoption of bitcoin.


Title: Re: the adoption of Bitcoin in institution
Post by: Z390 on July 20, 2023, 11:14:30 AM
Institutions are manipulative, this is what you should have said, buy dumping? Nah mate, they dump to get rid of the weak hands in the market, institutions money are big and when they create some fear in the market they are always the first ones to buy back the dips, You are not getting this whole thing, Bitcoin is like gold, those who dumps and never look back have no idea what Bitcoin is, and institutions understand this very perfectly, if you are still thinking the same way you are right now you are been fooled, you would probably end up selling your Bitcoin for cheap price because you don't understand why and how Bitcoin is so demanding.


Title: Re: the adoption of Bitcoin in institution
Post by: Bitcoin_people on July 21, 2023, 04:14:28 AM
Bitcoin is constantly evolving and many organizations are paying with Bitcoin. Transactions by Bitcoin have been introduced especially in large traditional companies. If we look at a country we can see how Bitcoin has improved their institutions. For example, since El Salvador officially approved Bitcoin here, they have gradually led the country to prosper economically. And now institutions have introduced Bitcoin transactions in all sectors including various factories and vehicles and very easily it pays people quickly. And Bitcoin has helped them a lot to advance this position as a strong framework for the country. So significantly the primary industries of any country using Bitcoin can improve.


Title: Re: the adoption of Bitcoin in institution
Post by: OgNasty on July 21, 2023, 06:54:56 PM
I believe the adoption of Bitcoin by institutions has been slowed by their lack of ability to get exposure to BTC through traditional markets. Many don’t want to develop their own plans to hold BTC and some of them probably don’t want to lay high fees to places like Coinbase to act as their custodian. I think it’s likely that spot ETF approvals will open many doors for investment by institutions and large corporations.


Title: Re: the adoption of Bitcoin in institution
Post by: Agbe on July 21, 2023, 07:49:28 PM
The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.

But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding
There is different between institution buying bitcoin and adopting bitcoin, buying bitcoin by an institution is a personal investment which does not affect everyone institution but few interested ones. But adopting bitcoin by an institution is meant for everyone. Both payments of school fees and other clearance and documentations are all involved with the use of bitcoin. Institution adoption of bitcoin has a very big impact on the development of bitcoin because it teaches all the students in the institution to know bitcoin. So it is very much important to teach bitcoin in school. I have done that so I know the important of it.


Title: Re: the adoption of Bitcoin in institution
Post by: goldkingcoiner on July 21, 2023, 08:03:46 PM
The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.

But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding

I would not say that the institutional whale investors do not do anything for Bitcoin from an economical standpoint. Obviously they are one of the main drivers of the price of Bitcoin, actually. Without their demand for such large amounts of Bitcoin, we would see Bitcoin go up, definitely, but at a much slower rate and no pumps above a few percent at a time. The price fluctuations as they are today, or as I call them: Opportunities for buying more Bitcoin, would not really exist to the point we know them now.

Well, either way, institutional investors need Bitcoin but Bitcoin does not need the institutional investors. This much I believe to be true, at the very least.


Title: Re: the adoption of Bitcoin in institution
Post by: boyptc on July 21, 2023, 08:19:45 PM
I can categorically say that whatever institution that is adopting bitcoin does not adopts it for adopting sake, some of these institution are solely on profit maximization and also sometimes controls and manipulate the market to which they wanted.
Let's just say that most of them are like that. They have known for their foundations and that's truly for profiting sake and not for the adoption's sake.

Wherever money is, they'll chase and follow it. Thus, they're going with the crowd that adopts bitcoin and they see that there's a market on it that's going nowhere but into its growth.

That is the reason why we see of these known economists and bankers have bashed Bitcoin before and told a lot of negative things on it, so that they can get in cheaply. They know how to enter this game.


Title: Re: the adoption of Bitcoin in institution
Post by: usekevin on July 21, 2023, 08:43:45 PM
In many educational institution,the bitcoin was taken as the fee.This was the biggest achievement of the cryptocurrency and the bitcoin.If this continue in all the country,it will create a biggest demand for the bitcoin in the market.So the many people will start to buy more amount of crypto to their future and the children fee can be paid with some profit from the investment.Many people from various country was look into the cryptocurrency as their mode of payment.They also consider bitcoin for the future assets for their children.


Title: Re: the adoption of Bitcoin in institution
Post by: SmartGold01 on July 21, 2023, 08:45:36 PM
Snip
That is the reason why we see of these known economists and bankers have bashed Bitcoin before and told a lot of negative things on it, so that they can get in cheaply. They know how to enter this game.

Anyone who wants to venture into bitcoin investment or wanting to adopt bitcoin as a means of payment in their business shouldn't look what others may say at the cost of taking such decision as I believed they would always be a criticism and discouragement why they should start implementing that action into their business. Where as, there are lots of secret people who holds bitcoin and they often come openly to discourage people not to venture into bitcoin due its volatility levels but back in them they had some serious amount they've already hold and, they only does that to manipulate the price in other for them to hold higher volume as before.


Title: Re: the adoption of Bitcoin in institution
Post by: superman184 on July 21, 2023, 08:51:26 PM
That's right, they already know BTC is a potential coin and the proof is as you said with many companies and businesses accepting payment alternatives in several transactions using BTC and many financial institutions are also starting to get into this asset. Will this be a big move for BTC in the bull season?
That could be a pretty good move for Bitcoin to weather its predicted bullish season next year, as it should definitely pay off pretty well for Bitcoin even though Bitcoin still needs some boost in another fashion from now on for its price increase to be very different to previous years when the bulls come. I also hope that next year there will be more companies willing to accept Bitcoin for payment so that the price increase can be more significant for Bitcoin in the market.


Title: Re: the adoption of Bitcoin in institution
Post by: Casdinyard on July 21, 2023, 09:20:15 PM
I think it's great and all that but what people, especially some bitcoin maximalists here fail to consider is that no matter how big or small the infrastructure is, the decision to use bitcoin will lie in the hands of the common joe. These companies no matter how big or how rich they are, unless they forcefully make the people use bitcoin, will not be able to persuade the public to use it. In some cases such as BlackRock purchasing bitcoin this may even be seen as a bad thing as for someone who's in the industry, whales, corporations, and central governments have been one of our biggest unsung enemies. So yeah, it's good and all cause they drive bitcoin's price higher, but at the end of the day if you're looking for adoption, it's still going to be up to the people.


Title: Re: the adoption of Bitcoin in institution
Post by: lalabotax on July 21, 2023, 09:33:07 PM
In my own understanding the adoption of Bitcoin by institutions refers to the growing interest and involvement of traditional financial institutions and large organizations in Bitcoin as an asset and technology.
Unfortunately, this is not as easy as we would expect, especially if it involves payment instruments in an institution, especially in a country where regulations and regulations for cryptocurrency are quite strict. It won't be that easy for crypto to be used as a means of payment even if the institution wants it, because there are laws and regulations that they must comply with or they will be penalized.
And if it's related to involving crypto in certain institutions, then maybe it's just related to knowledge, including crypto in one of the introductions, or something else that can broaden knowledge about crypto for people in these institutions or people who see it. It sounds easy enough to implement crypto in an institution, but in reality it won't be that easy.


Title: Re: the adoption of Bitcoin in institution
Post by: Wimex on July 21, 2023, 09:46:49 PM
In my opinion, several factors have driven institutions to this adoption as you say... Among these I would say the recognition of the potential of Bitcoin as a form of diversified investment, the existence of institutional investment vehicles that allow companies and funds to function in the cryptocurrency market and greater regulatory clarity in some countries, as we have seen in several cases, Germany, El Salvador... On the other hand, the support of influential figures, such as businessmen, investors and financial leaders, has also contributed to the institutional adoption of Bitcoin. As prominent figures express their support and actively participate in the market, this increases confidence in Bitcoin as a legitimate investment.


Title: Re: the adoption of Bitcoin in institution
Post by: serjent05 on July 21, 2023, 10:14:02 PM
The institutions buying Bitcoin play a very dirty game in the beginning, you may know that the biggest names try to throw down the image of Bitcoin in the market so that the price drops and they can buy Bitcoin for a cheap price as they want to invest millions of the fund they have. And once it goes down, they buy it via OTC and other methods and release a statement how good Cryptocurrency and Bitcoin is for future payment methods. Silly :D

Well, they wanted to profit from their trades so they will do everything possible to make it happen.  I can say it is not dirty since it is normal to do evrything to get profit as long as they don't manipulate the market.  Yes, they can implement strategies that can affect the thinking and decisions of traders but such strategy is normal in a booming market.


In my opinion, several factors have driven institutions to this adoption as you say... Among these I would say the recognition of the potential of Bitcoin as a form of diversified investment, the existence of institutional investment vehicles that allow companies and funds to function in the cryptocurrency market and greater regulatory clarity in some countries, as we have seen in several cases, Germany, El Salvador... On the other hand, the support of influential figures, such as businessmen, investors and financial leaders, has also contributed to the institutional adoption of Bitcoin. As prominent figures express their support and actively participate in the market, this increases confidence in Bitcoin as a legitimate investment.

No matter what it is the common ground is that they wanted to take advantage of the opportunity that the Bitcoin market offers.  Their main goal is to take a profit and grow together with the industry. If they don't find any profit on the venture, I doubt they would even pay attention to Bitcoin.


Title: Re: the adoption of Bitcoin in institution
Post by: South Park on July 21, 2023, 11:11:27 PM
In my opinion, several factors have driven institutions to this adoption as you say... Among these I would say the recognition of the potential of Bitcoin as a form of diversified investment, the existence of institutional investment vehicles that allow companies and funds to function in the cryptocurrency market and greater regulatory clarity in some countries, as we have seen in several cases, Germany, El Salvador... On the other hand, the support of influential figures, such as businessmen, investors and financial leaders, has also contributed to the institutional adoption of Bitcoin. As prominent figures express their support and actively participate in the market, this increases confidence in Bitcoin as a legitimate investment.
From the poorest to the richest we do our best to try obtain a favorable outcome despite the circumstances we could be in, and some institutional investors have noticed that this is probably not the best time for them to expand their business, however if they have a lot of cash in hand then what to do with it? And the best thing for them to do is to acquire assets they believe may perform well, and some of those institutional investors have decided to use bitcoin as a way to store their wealth.


Title: Re: the adoption of Bitcoin in institution
Post by: boyptc on July 22, 2023, 05:40:38 AM
Snip
That is the reason why we see of these known economists and bankers have bashed Bitcoin before and told a lot of negative things on it, so that they can get in cheaply. They know how to enter this game.

Anyone who wants to venture into bitcoin investment or wanting to adopt bitcoin as a means of payment in their business shouldn't look what others may say at the cost of taking such decision as I believed they would always be a criticism and discouragement why they should start implementing that action into their business. Where as, there are lots of secret people who holds bitcoin and they often come openly to discourage people not to venture into bitcoin due its volatility levels but back in them they had some serious amount they've already hold and, they only does that to manipulate the price in other for them to hold higher volume as before.
Well, to be honest, everyone, institutions and individuals that are trying to enter to the market doesn't really go for the use case of it as a means of payment.

But we're all aware that we're all here for the same reasons and that's for Bitcoin being used as an asset, as a store of value. This tactic of discouragement in the public is known to the many when we've seen negative news has came.

Don't take them heavily because they're all here for the same reasons as us. They're not here for the tech, they're here for the money.


Title: Re: the adoption of Bitcoin in institution
Post by: kryptqnick on July 22, 2023, 08:22:11 AM
There was a time of great hope that institutional investors would not only bring Bitcoin to new highs but also help stabilize its price, making Bitcoin less volatile. As it turned out, big companies can pull out their investments and support as fast as regular investors, so they don't really change the market. There are some big companies that accept Bitcoin as payment and some that invested funds into Bitcoin, but I don't see any major improvements in the rate of that adoption either. In the end, relying on institutional investors is probably not justified.


Title: Re: the adoption of Bitcoin in institution
Post by: Nrcewker on July 22, 2023, 08:36:36 AM
The institutions buying Bitcoin play a very dirty game in the beginning, you may know that the biggest names try to throw down the image of Bitcoin in the market so that the price drops and they can buy Bitcoin for a cheap price as they want to invest millions of the fund they have. And once it goes down, they buy it via OTC and other methods and release a statement how good Cryptocurrency and Bitcoin is for future payment methods. Silly :D

Yes these institutions are really mean. They use us for their own profit. They buy Bitcoins in low price and when the price goes up, they again sell it making tons of profits. This was previously done by Elon musk with Dogecoins. They use the fake hype for their own benefit and the middle common man like us, suffers a lot. We can’t do much about it. We can only watch and either support the decisions of the institutions or can just say against them. This is the reality with these types of institutions.