Tom Lee is a major Bitcoin bull. The Wall Street veteran has been following Bitcoin for years.
Lee feels there are a number of reasons why institutions are shying away from Bitcoin. He feels that the Bitcoin market is still too small at the moment. It is also the lack of regulatory clarity is causing institutions to reject it.
The question is whether Bitcoin would be better in the long run without institutions.
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The price volatility of BTC makes it difficult for large institutions to invest in and hold it inside a retirement portfolio.