thenewgreen this is an answer to your question re institutional investors:
- In that case, it makes no sense to compare Bitcoin with altcoins like ETH and TRON. That’s like listing Chuck E. Cheese tokens on the Chicago Board of Trade. Bitcoin should be alongside corporate bonds, real estate investment trusts, gold, and 30-year Treasuries. The reason it’s not is because crypto exchanges don’t make money if people just buy and HODL.
Saylor takes an a extremely narrow view of Bitcoin that does not extend beyond the use of blockchain for anything but a scarce asset. This is the CEO of a company that just raised $650 million from the sale of 0.750% convertible notes to buy BTC.
Personally, I think Bitcoin is long-term unsustainable due to its security fee structure, as well as its environmental impact. I don't think that will prevent it from rallying to $100k and beyond, however.