The big concern i have is that when the major financial institutions get into crypto, they will just control the prices like they do with other assets.
They are already in. They were in the second the futures market opened up. And that is when the full blown manipulation started. Like you said, no ownership, just "paper" contracts that they can keep making as they see fit.
As for the raising of the price, the VanEck fund is buying bitcoin...in their proposal they specifically state that plus the markets they will buy it on.
So at least this one is going to buy the asset.
I do not like the idea of paper Bitcoin... This might even lower the price of crypto because of unlimited supply.
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