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Author Topic: the adoption of Bitcoin in institution  (Read 319 times)
Aquafina (OP)
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July 19, 2023, 05:11:13 PM
 #1



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.
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July 19, 2023, 06:09:01 PM
 #2

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

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July 19, 2023, 06:54:14 PM
 #3

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.

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July 19, 2023, 07:03:19 PM
 #4

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.

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July 19, 2023, 07:07:15 PM
 #5

@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.

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July 19, 2023, 07:22:11 PM
 #6

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.

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July 19, 2023, 07:37:29 PM
 #7

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.
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July 20, 2023, 02:05:06 AM
 #8

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.

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July 20, 2023, 02:36:10 AM
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 #9

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 Cheesy
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July 20, 2023, 02:46:12 AM
 #10

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 Cheesy
Like Jamie Dimon and JP Morgan.

JPMorgan's Dimon says bitcoin 'is a fraud' in 2017.
What they did four years later?
JPMorgan to give all wealth clients access to crypto funds - Business Insider.

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

.
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July 20, 2023, 02:46:27 AM
 #11

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.
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July 20, 2023, 03:10:45 AM
 #12

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.

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July 20, 2023, 03:44:16 AM
 #13

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 Cheesy
Like Jamie Dimon and JP Morgan.

JPMorgan's Dimon says bitcoin 'is a fraud' in 2017.
What they did four years later?
JPMorgan to give all wealth clients access to crypto funds - Business Insider.

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

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.

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July 20, 2023, 04:01:26 AM
 #14

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?

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July 20, 2023, 07:39:30 AM
 #15

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.

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July 20, 2023, 08:16:20 AM
 #16



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.

 
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July 20, 2023, 08:28:48 AM
 #17

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.

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July 20, 2023, 09:05:36 AM
Merited by fillippone (1)
 #18

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.

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July 20, 2023, 09:08:11 AM
 #19

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.

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July 20, 2023, 09:16:33 AM
 #20

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.

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