Comments come and go, detractors such as Peter Schiff define bitcoin as a "financial pyramid valued only by whales who hold their own scheme."
Additionally, he alleges that under the unstable behavior that for many characterizes bitcoin, Schiff himself indicates that our currency "is not interesting for the institutional market." If you add to this the recent analysis of Golman Sachs and its rating far removed from the benefits of this digital currency, things would not look good.
It is interesting to see that many of the comments read by many do not contrast with the behavior of the company Greysale and its incredible appetite for the purchase of bitcoins. Here are several interesting numbers that I observed from a Cointelegraf article; since halving, this hedging company has bought 18.910 Bitcoins, and since that same period, only 12.337 Bitcoins have been mined; another data also taken from the same article, weekly purchases of this institution occupies 75%, and now if we add that part of the institutional investment now spills over into altcoins, this leaves much to think about.
Bitcoin in its concept is part of a social movement, immersed in an increasingly growing need for freedom and independence, for the moment our currency is not in a position to exploit as we would like, in many aspects, but it is aimed at being part of a change that many of us already know is inevitable.
Already on other occasions I have cemented how significant bitcoin has been and is in most people who want financial integrity, and more in these times to come. For many, bitcoin is already part of a network that breaks traditional financial protocols, and it is no longer worth saying that it was only a matter of time before it arrived in the institutional environment; This has been a fact for a long time, only we see it materialize in a surprising way with Grayscale.
It will take time to adapt to these changes, but that if it is certain, it is that bitcoin will be that ecosystem for which it was created, targeting niches increasingly forgotten by the same institutions.
