During the discussion on Twitter, the founder of dogeсoin (DOGE), Jackson Palmer, talked about the threat of ETF and institutional investors moving into crypto market.
In response to a tweet about the influence of institutions Palmer said:
“Goodbye to decentralized peer-to-peer cash. Hello to Wall Street 2.0.”
This is why I never understand people getting excited about ETFs, Bakkt, etc. Goodbye to decentralized peer-to-peer cash. Hello to Wall Street 2.0. https://t.co/ztl05n9p7M
— Jackson Palmer (@ummjackson) October 19, 2018
Palmer also reminded that only 1% of crypto hodlers control “more than 55% of BTC circulation.”
Earlier in October, dogecoin was listed on SALT “as its latest collateral option for customers seeking to use their digital assets to secure a loan in U.S. dollars.”
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