Summary
- Sky Wee, the founder of SkyVentures, stated that Bitcoin can exist independently of the traditional financial system.
- He emphasized that Bitcoin is considered a hedge against the traditional financial system.
- He noted that the true risk for Bitcoin lies in whether individuals, rather than institutional investors, choose to buy.
Sky Wee, the founder of the virtual asset (cryptocurrency) investment firm SkyVentures and a well-known virtual asset influencer, stated in an interview with Cointelegraph on the 14th (local time) that "Wall Street needs Bitcoin (BTC), but Bitcoin doesn't need Wall Street," adding, "Bitcoin will inevitably survive, and as the traditional system struggles, it will become clear that Bitcoin is the answer."
He mentioned, "Bitcoin has always been considered a hedge against the traditional financial system," and "as long as people continue to hold it, Bitcoin will remain 'the people's money.'"
He further explained, "The real risk is not whether institutional investors buy, but when individuals do not buy."
Meanwhile, BTC is trading at $103,360.44, down 0.84% from the previous day, based on the Binance Tether (USDT) market as of 3:36 on the 15th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
