Institutions that invest in Bitcoin are not money

Bitcoin is now a $ 1 trillion asset. It’s more valuable than Tesla and Facebook, and right now, only six companies have larger market capitalizations than Bitcoin.

Still, I’m not interested in talking about the “crazy gains” of Bitcoin. I want to talk about the dominant narrative behind Bitcoin in late 2020 and so far in 2021: increased institutional investment.

Before you do, here’s a little manual. What exactly is Bitcoin? Well, according to Lily, a 3-year-old girl who is also bitcoin HODLer, “Bitcoin is digital money“I couldn’t have put it better myself!

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