RATE Group | McAfee Hints Institutional Money Won’t Bring Bitcoin Revolution
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McAfee Hints Institutional Money Won’t Bring Bitcoin Revolution

McAfee Hints Institutional Money Won’t Bring Bitcoin Revolution

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McAfee Hints Institutional Money Won't Bring Bitcoin Revolution

In a tweet posted Monday, September 23, Libertarian presidential candidate and crypto rebel John McAfee wrote: “BAKKT goes live today. It is institutionalized and monitored … if you are “initiated” into crypto, then you certainly won’t use it and will spend time luring the new users into the Unlimited Crypto World.” The maverick anti-politician raises an important point. The real revolution of crypto is individuals using it autonomously, privately and freely, not in institutionalization or mainstream adoption alone.

Also Read: Market Update: Low Volumes and Uncertainty Shake Crypto Traders

The Unlimited Crypto World

It’s very easy to talk about “Bitcoin revolutions” or the groundbreaking technology crypto in general represents. It’s also easy to speak in loud, blustery tones about the necessity of mainstream adoption, and the benefits institutional money and regulation can bring to the table. Bakkt’s launch on Monday was not under-hyped…

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