{"id":53789,"date":"2025-08-25T04:27:14","date_gmt":"2025-08-25T04:27:14","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53789"},"modified":"2025-08-25T04:27:14","modified_gmt":"2025-08-25T04:27:14","slug":"bitcoiners-skepticism-over-institutions-isnt-going-away","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53789","title":{"rendered":"Bitcoiners\u2019 skepticism over institutions isn’t going away?"},"content":{"rendered":"

Concerns are rising among Bitcoiners over institutions doing “institutional-like things” with Bitcoin, Preston Pysh said in a recent podcast interview.<\/p>\n

Early Bitcoin adopters aren\u2019t likely to stop being skeptical of institutional adoption anytime soon, says Bitcoin venture fund Ego Death Capital co-founder Preston Pysh.<\/p>\n

\u201cPart of that culture that brought it to where it is, is looking at where this is all going and saying no, no, no, no, this is all moving in a bad direction,\u201d Pysh told Natalie Brunell on the Coin Stories podcast on Friday.<\/p>\n

Pysh said that institutions engaging in \u201cinstitutional-like things,\u201d such as Bitcoin derivatives, have some Bitcoiners concerned about the long-term impact and whether Bitcoin can still serve as the safe-haven asset it once was.<\/p>\n

\"Bitcoin
Natalie Brunell (left) spoke to Preston Pysh (right) on the Coin Stories podcast on Friday. Source: <\/em>Natalie Brunell<\/em><\/figcaption><\/figure>\n
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Crypto investments are risky and highly volatile. Tax may apply. Understand the riskshere<\/p>\n<\/section>\n<\/div>\n<\/div>\n

\u201cAm I being scammed, like all the other scams that preceded this wave?\u201d is a question Pysh says some of the Bitcoin community are asking as institutional interest grows.<\/p>\n

Bitcoiners who pushed it past $1 trillion worry about its direction<\/h2>\n

The comments come amid ongoing debate in the Bitcoin community over whether growing institutional interest is moving Bitcoin away from its original purpose.<\/p>\n

\u201cFor people who have made Bitcoin what it is, getting it here, over a trillion dollars, involved individuals, for the most part, self-custodying Bitcoin, holding onto the keys for dear life through 70% and 80% downturns and still not selling them,\u201d Pysh said, adding:<\/p>\n

\u201cThe term we like to throw around is we\u2019re Bitcoin psychopaths.\u201d<\/p><\/blockquote>\n

It comes nearly a month after a heated debate on social media when crypto analyst Scott Melker, also known as The Wolf of All Streets, said that Bitcoin \u201cis amazing\u201d but has been taken over to some extent by the people it was created as a hedge against.<\/p>\n

Meanwhile, Ryan McMillin, chief investment officer at Merkle Tree Capital, recently told Cointelegraph that old Bitcoin being sold to new institutions is a sign of its \u201cintegration with the financial system.\u201d\u00a0<\/p>\n

Institutions will use Bitcoin \u201cvery differently\u201d than individuals: Pysh<\/h2>\n

Pysh explained that the Bitcoin ethos is being challenged, and he expects it to continue facing scrutiny as institutional interest expands.<\/p>\n

\u201cI think that it\u2019s going to move in a direction where a lot of people use Bitcoin the way they wanna use Bitcoin, especially institutions, who are going to use it very differently to how individuals use it,\u201d Pysh said.<\/p>\n

\u201cThat\u2019s a difficult pill for people to swallow,\u201d he said.<\/p>\n

\u201cAt large, part of the Bitcoin culture is to be pretty much skeptical of everything and to question everything,\u201d he added.<\/p>\n

According to a March 18 report by Coinbase and EY-Parthenon, 83% of institutional investors surveyed said they plan to increase crypto allocations in 2025.<\/p>\n

*********************************<\/p>\n

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Concerns are rising among Bitcoiners over institutions doing “institutional-like things” with Bitcoin, Preston Pysh said in a recent podcast interview. Early Bitcoin adopters aren\u2019t likely to stop being skeptical of institutional adoption anytime soon, says … Bitcoiners\u2019 skepticism over institutions isn’t going away?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53791,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-53789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nBitcoiners\u2019 skepticism over institutions isn't going away? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53789\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoiners\u2019 skepticism over institutions isn't going away? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Concerns are rising among Bitcoiners over institutions doing “institutional-like things” with Bitcoin, Preston Pysh said in a recent podcast interview. 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