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Benzinga
Benzinga
Business
Murtuza Merchant

FORGOTTEN HISTORY: Why bitcoin s institutionalization is a concern - Caught on Camera

Bitcoin Cynthia Lummis Crypto Gold

Bitcoin's (CRYPTO: BTC) transition from a decentralized digital asset to one dominated by institutional players has introduced a new set of risks.

What Happened: With Bitcoin exchange-traded funds (ETFs) in the U.S. now holding over 1 million tokens—equivalent to 5% of its total supply—the cryptocurrency is increasingly controlled by financial institutions and even governments, reshaping its original decentralized ethos, Bloomberg reported.

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