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Bitcoin pioneer Preston Pysh warns that institutional involvement in Bitcoin may be steering the cryptocurrency away from its original ethos. Early adopters are growing concerned about practices like derivatives trading undermining Bitcoin’s role as a safe haven. This skepticism reflects deeper tensions within the Bitcoin community about its future direction.
- Early Bitcoin adopters remain skeptical of institutional adoption due to concerns about compromising Bitcoin's original decentralized nature
- Institutional activities like Bitcoin derivatives trading are seen as potentially undermining Bitcoin's role as a safe-haven asset
- There is a growing cultural tension within the Bitcoin community between preservation of original ideals and institutional integration
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