Ego Death Capital: The core of Bitcoin culture is questioning everything, and "institutional behavior" may affect the long-term value of BTC
According to CoinTelegraph, Preston Pysh, co-founder of Bitcoin venture fund Ego Death Capital, said in a recent podcast interview that the skepticism of early Bitcoin adopters about institutional trends will not disappear anytime soon. In a conversation with Natalie Brunell of the Coin Stories podcast, Pysh pointed out that institutional involvement in bitcoin-related "institutionalized behavior", such as Bitcoin derivative trading, has raised concerns among the Bitcoin community about its long-term impact, and people have begun to question whether Bitcoin can still be used as a safe haven asset as it used to be. Pysh emphasized that the core of Bitcoin culture is to doubt everything and question everything, and that institutions will participate in a completely different way than individuals, which makes it difficult for the Bitcoin community to accept.
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