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We’ve seen institutions buy anything under the sun to make money. Crypto isn’t any different. Bullish on institutions buying shit.
Biggest thing for me is it would be very bad for the narrative to shift to Bitcoin maximalism in the short-term. Hedge funds + SV are up to their eyeballs in ICOs/private projects. Big altcoin holders are also likely severely underwater on their positions.
That is "bad" for the Missionaries. Everyone is incentivized to keep pushing the "future" of blockchain as these other projects. The story will break eventually but not right now. Eg: even if Eth fails to scale, people can look to alternatives as the solution and so on...
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