How Institutional Money Will Kill Crypto

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There are few talking points that are frequently espoused when talking about the need for cryptocurrency and the impact it will have on people's lives. One such idea is that cryptocurrency will destroy banks, bring wealth distributiondecentralization, open market regardless of wealth, and the freedom of the state. Recently, cryptocurrency conference tickets are going as high as $2,000$3000, such as the ongoing Consensus in New York.

All of this is what we're promised in the cryptocurrency space but if you open your eyes, you will see it is further from the truth.  The need for validation from institutional investors is alive and well in the cryptocurrency community. Power does not need validation, humans do. Why do we expect change if humans will be in control?  Why do expect change if Bill Gate gets in crypto? More money equals more wealth for us early adopters but it is not going to be the same result for the late adopters.

Cryptocurrency Enthusiast Rejoice for Institutional Money

George Soros, Banks, Wall Street, Goldman Sachs. If I'm correct, these are the institutions that supposedly have oppressed society. Ah, and oh yes, this is one of the reasons why Bitcoin (BTC) was created. Yet, every day the cryptocurrency world is in an orgasmic Europa whenever any of these institutions hint at entering the crypto space. A modern-day coliseum sporting event for the crypto space waiting for news of a new institution getting into crypto. The thirst for validation from Wall Street market is of a completely different interest than what the crypto philosophy is supposed to stand for. The people at the top of cryptocurrency are working alongside regulators only to further enrich themselves. 

Reality

Yes, it good anytime more money comes into the crypto space, but there is an opposite effect as well. When highly experienced individual and institutional entities come into the space, they are going to turn it into what they are accustomed to. They have the capital to do as they want and honestly, everyone in the crypto society just wants to get richer. This presents the question that if top cryptocurrency holders do not live by cryptocurrency philosophy why should you?

Cryptocurrency is powerful and no one is willing to be a martyr. ICOs are beginning to have whitelists for investors, Ethereum (ETH) developers are working alongside the SEC to escape being classified as a security due to the fact that it is a centralized protocol. Founder retain a major share of the currency supply of their project, private sales are given to accredited investors. Buying cryptocurrencies online requires you to follow a KYC/AML laundering policies by giving your personal information to central exchanges that are in compliance with the government. Does it really sound all that different?

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 Disclosure:

I have received no additional compensation other than the Ethereum that Hade Technologies pays to produce Exclusive content

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