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RE: Why have Institutions been slow to warm up to Bitcoin?
Excellent focused analysis again!
It could be that many of us in this (Crypto) community have unrealistic expectations about how long adoption will take. Whatever "adoption" means.
We are experiencing a momentous paradigm shift.
Such shifts have not occurred often in human history. Think of the printing press, electricity, television as examples.
The complications here involve direct threats to Governments anywhere - the ability to control (manipulate) exchange rates and levy tax.
What about impact on Paypal, Visa, Mastercard, Facebook et al.
Then there is privacy.
Will quantum computing crack encryption?
Brave new world we participate in folks.
Very good point. There is no guarantee crypto in its current form will be around in 10 years. That gives large investors reason to be cautious. If the US government would show support for bitcoin I bet many here in the US would jump in. The fact they have been somewhat negative towards bitcoin, doesn't help.