In a recent podcast, Preston Pysh highlighted the increasing skepticism among Bitcoiners towards institutions engaged in Bitcoin derivatives, raising concerns about Bitcoin’s original purpose as a safe-haven asset. Amid this shift, there is cultural tension regarding institutional investors in the Bitcoin community.
Preston Pysh pointed out that many Bitcoiners are questioning the authenticity of Bitcoin as institutional interest rises, leading to uncertainties about its long-term impact on Bitcoin’s ethos. This skepticism reflects a deep-rooted culture within the Bitcoin community, emphasizing a cautious approach.
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