In Praise of Bitcoin - Epsilon Theory
https://www.epsilontheory.com/in-praise-of-bitcoin/
A note on why we really shouldn't be too excited about institutional buyers.
"Instead, it’s Bitcoin! TM — a cartoon version of the OG Bitcoin, either a Wall Street-abstracted representation of the price of Bitcoin or a government-painted version of Bitcoin in Dayglo orange. Either way — abstracted or painted — your Bitcoin! TM is trackable and traceable, fully KYC and AML and FBAR and SWIFT and every other US Treasury acronym-compliant. Either way, your Bitcoin! TM has all the revolutionary potential of a bumper sticker and all the identity signaling power of a small tattoo on your upper arm.
Bitcoin! TM doesn’t stick it to the Man … Bitcoin! TM IS the Man.
Welcome to the MMXXI Hunger Games."