{"id":255844,"date":"2021-05-21T21:26:37","date_gmt":"2021-05-21T18:26:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/has-wall-street-taken-over-bitcoin\/"},"modified":"2021-05-21T21:26:37","modified_gmt":"2021-05-21T18:26:37","slug":"has-wall-street-taken-over-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/has-wall-street-taken-over-bitcoin\/","title":{"rendered":"#Has Wall Street taken over Bitcoin?"},"content":{"rendered":"

“#Has Wall Street taken over Bitcoin?<\/strong>”<\/p>\n

<\/p>\n

                Institutional adoption is threatening Bitcoin's revolutionary mission, says Ben Hunt, founder of Second Foundation Partners \n                <p>Ben Hunt, founder of Second Foundation Partners and lead author at the Epsilon Theory blog is convinced institutional adoption poses an existential threat for Bitcoin's identity as an instrument of financial freedom.\u00a0\n<\/code><\/pre>\n
As investment funds, banks and tech companies are getting involved in the space, Bitcoin’s fundamental properties \u2013 permissionless access and censorship resistance \u2013 are becoming increasingly marginalized, Hunt told Cointelegraph in an exclusive interview.\u00a0<\/p>\n
\u201cWhat we are seeing is the Facebook<\/a>-ization of Bitcoin. And it becomes absolutely controlled and in service to Wall Street and the government\u201d, said Hunt.<\/p>\n
According to Hunt, institutions have created\u00a0 \u201csecuritized\u201d, \u201cpermissioned\u201d versions of Bitcoin, allowing investors to get exposure to the world’s largest cryptocurrency without holding it directly.<\/p>\n
In Hunt\u2019s view, governments are encouraging Wall Street\u2019s co-option of Bitcoin, as that will make the leading cryptocurrency easier to control: as Hunt points out, financial institutions in the US are required to disclose their customers\u2019 identities and transaction information according to the Bank Secrecy Act.<\/p>\n
\u201cIf you put money into a Bitcoin related private fund, there’s no more revolution, there’s no more resistance associated with that\u201d, he said.\u00a0<\/p>\n
But is it really too late to preserve Bitcoin\u2019s revolutionary identity?<\/p>\n
To find out, watch the full interview<\/a> on our YouTube channel<\/a> and don\u2019t forget to subscribe! <\/p>\n
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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
“#Has Wall Street taken over Bitcoin?” Institutional adoption is threatening Bitcoin’s revolutionary mission, says Ben Hunt, founder of Second Foundation Partners <p>Ben Hunt, founder of Second Foundation Partners and lead author at the Epsilon Theory blog is convinced institutional adoption poses an existential threat for Bitcoin’s identity as an instrument of financial freedom.\u00a0 As investment…<\/p>\n","protected":false},"author":1,"featured_media":255845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvNzYwZWVkOGYtMjdhOC00NTk2LTlhM2MtZGFjNjVmMWYxMzg4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-255844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/255844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=255844"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/255844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/255845"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=255844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=255844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=255844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}