The post Could Bitcoin Split in Two? Blockstream CSO Samson Mow Raises Concerns appeared first on Coinpedia Fintech News
Bitcoin, the world’s most prominent cryptocurrency, may be on the verge of a major transformation, with potential consequences for investors and users alike, as suggested by Samson Mow, the Chief Strategy Officer of Blockstream and CEO of Pixelmatic. In a recent video interview, Mow raised the possibility of a Bitcoin “bifurcation” shortly, driven by the growing interest of financial giants like BlackRock in the Bitcoin space.
We may see #Bitcoin split between “Institutional BTC” and “Free BTC” in the coming years. Coins held by ETFs/custodians may not be allowed (or limited by friction) to re-enter the free market of self-custodial holdings. pic.twitter.com/VFMADjns4J
— Samson Mow (@Excellion) November 8, 2023
Mow’s Perspective on BlackRock’s Involvement:
Samson Mow acknowledged the positive implications of BlackRock and other major financial i
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