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RE: Bitcoin appears to have decoupled from gold & historical volatility is hinting big move to come...

in LeoFinance4 years ago (edited)

Aha that makes sense, thanks for the insight there. Institutional money has entered in a big way but I'm concerned about all the financial tools entering the bitcoin market. They could really mess it up or ruin the plan of departing from them in the first place via bitcoin.

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Yea to be honest, I don't think bitcoin was ever really going to completely disrupt the current financial system. The zealots that believed otherwise were most likely delusional. If bitcoin just represents an alternative asset class that can co-exist along with the current financial system, it has the best chance of surviving and thriving I think. Too much disruption and the powers that be would do their best to kill it.