BlackRock's involvement could cause Bitcoin to split in to two? -Samson Mow Raises Concerns
"Institutional BTC" and "Normal BTC"
Institutional Bitcoin: ・Institutional Bitcoin is anticipated to continue being overseen by financial institutions such as BlackRock, limiting its accessibility for the general public. ・Financial institutions are expected to retain control over their Bitcoin holdings, essentially confining them within their internal systems. ・This form of "institutional Bitcoin" may trade at a discount compared to the conventional variant.
Regular Bitcoin: ・"Regular Bitcoin" will circulate freely and be spendable, akin to the typical use of Bitcoin today. ・It can be employed for transactions wherever cryptocurrencies are accepted. ・This variant is projected to be traded at a higher price, reflecting its superior utility in comparison to the institutional counterpart.
Samson Mow draws a comparison between locked Bitcoin and the act of sending cryptocurrencies to unspendable blockchain wallets, a process commonly referred to as "burning." Essentially, locked Bitcoin shares a common trait with these "burned" assets, as both become less accessible and less versatile.
This will drive "Regular Bitcoin" more scarce than ever.
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