They\u2019ve got the whole bitcoin in their hands . . .I know a few people in finance. None of them fear cryptocurrency, even though the technology will make them obsolete.Some plan to get out with what they can before cryptos take over.Most want to hop on the train before it leaves the station. More and more with every passing day.Does that get you excited? All those rich people and big investors bidding up the price of bitcoin. Feeding altseason. Spreading the wealth.After all, this is the first time you have a chance to own a financial asset before \u201csmart money\u201d does. When else will you get a piece of the action before Wall Street does?If you think \u201cinstitutional investors\u201d will send bitcoin\u2019s price to the moon, you\u2019re probably right. But at what cost?You\u2019re talking about the savviest, best-connected, most deep-pocketed network of professionals on earth.They\u2019re not getting into bitcoin because they care about open, permissionless, borderless, neutral, censorship-resistant money systems. They\u2019re getting into bitcoin to make money for themselves and their clients.You\u2019re simply liquidity. You\u2019re the one who sells when they need to buy, buys when they need to sell, and pushes the value up long enough for them to cash out with a profit.In Bitcoin or Bust: Wall Street\u2019s Entry Into Cryptocurrency, I talk about all the ways they will use their money and power to take cryptocurrency away from you, like they do with every other financial asset.For example, they may tell your government to force everybody to use an \u201cauthorized entity\u201d instead of private wallets. That authorized entity would have to meet certain requirements \u2014 requirements that only a Wall Street firm could meet. After all, we can\u2019t let bitcoin fall into the hands of criminals and terrorists, right?Can you imagine new laws that force you to\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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