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333 sats \ 3 replies \ @grayruby 23 Aug \ on: James Lavish / @jameslavish / Bitcoin Investor AMA AMA
The Bitcoin opportunity fund has made a concerted effort to distinguish itself as bitcoin, not crypto, focused. Bitcoin still gets conflated with crypto amongst the media talking heads and politicians- although we are getting more references to "bitcoin and crypto" rather than just crypto. Among the investment community are you seeing a better understanding of the difference between Bitcoin and broader crypto or do they still see it as one big "digital assets" bucket?
cc: @siggy47
To be honest, this has been and continues to be a long confusing road for most institutions. The big leap occurred when the spot Bitcoin ETFs were approved first. This immediately demonstrated how Bitcoin is different from all other crypto. That said, MSM still conflate the two regularly and this just confuses the issue. Also, politicians continue to conflate them as well (purposefully in some cases). So, I think the growth in understanding will come with the growth in the MV of Bitcoin and institutional investors being compelled to figure it out themselves. And I think this happens over the next 18 months.
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It is the other way around the approval of Bitcoin ETF is the only way Wall Street and MSM would or could express clearly that they are abdicating, surrendering, retreating and capitulating after years of saying that Bitcoin is a Ponzi Scheme.
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They're not capitulating yet. Most people (if not the vast majority) seemingly have no idea what it is.
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