Preston Pysh, co-founder of Bitcoin venture fund Ego Death Capital, expressed that skepticism among Bitcoiners regarding institutional adoption will persist. In a recent podcast, he noted that many in the Bitcoin community question whether institutional engagement might steer Bitcoin away from its original purpose as a safe-haven asset. Concerns focus particularly on institutions participating in activities like Bitcoin derivatives, leading to fears of being scammed by institutions resembling those Bitcoin was designed to oppose. Pysh emphasized that the ethos of self-custody among early adopters is being challenged, with the perceived corporate direction of Bitcoin stirring doubts. He stated that while institutional investors will utilize Bitcoin differently than individuals, the fundamental skepticism that characterizes the Bitcoin culture will continue. Additionally, a significant majority of institutional investors are shown to be planning further engagements in crypto, aligning with ongoing debates about the implications of growing institutional interest.

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