How do you even know whether that’s true or not? They have been saying this since 2018 that we need institutional investors and they would be the ones to make the market grow, and till now I still haven’t seen any much changes and the last price movement upwards I wouldn’t say has anything to do with institutional investors.
So this means they are no better than whales? It just feels to me that activities like this just drain money away from people. I think it can affect the popularity though but assuming people also enter the market the same way as these investors instead of buying bitcoins themselves, yeah, doesn't really do much good for adoption.
I believe that guy is right. I have thought of the same thing, those institutional won’t even be buying bitcoins rather they will make use of platforms like Bakkt to be betting on it. Even those of them that gets interested in investing direct into Bitcoin will still be the same as the whales we already have, manipulating prices and ripping money off the market.
