Bitcoin’s price manipulation by whales will ‘diminish with elevated adoption’ | Fintech …

‘Financialization of Bitcoin‘ has been a topic of discussion; while no one has called it a ‘disadvantage’, it has not been a lot of an ‘advantage’ both. The query remains- ‘Is financialization a double-edged sword for Bitcoin’, as highlighted by Caitlin Lengthy.

Dan Held, director of Enterprise Improvement for Kraken Digital, in a latest podcast, opined that ‘Financialization of Bitcoin’ was nothing to be afraid of and that it will not hurt the cryptocurrency markets. He said

“There’s a lot of anxiety in this space around what happens when the institutions do come. I see it as some sort of an inevitable thing that will occur; it’s nothing to be afraid of[…..] First and foremost, different financial instruments like futures options and lending and borrowing are all normal market activities. They enhance price discovery, they enhance liquidity and they allow different operators in the crypto space or in Bitcoin specifically to hedge their…