According to ChainCatcher, as reported by CoinTelegraph, Preston Pysh, co-founder of the Bitcoin venture fund Ego Death Capital, stated in a recent podcast interview that the skepticism of early Bitcoin adopters towards the trend of institutionalization will not disappear anytime soon.
Pysh pointed out in a conversation with Natalie Brunell of the Coin Stories podcast that institutional participation in Bitcoin-related "institutional behavior," such as Bitcoin derivatives trading, has raised concerns within the Bitcoin community about its long-term impact, leading people to question whether Bitcoin can still serve as a safe-haven asset like it did in the past.
Pysh emphasized that the core of Bitcoin culture is to question everything, and the way institutions participate will be fundamentally different from individuals, making it difficult for the Bitcoin community to accept.
