Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee

Sky Wee, an influencer with 4M followers, worries about Bitcoin’s future: “The real risk isn’t institutions buying, it’s retail not buying.”

As Bitcoins price surges back into headlines, fueled by TradFi institutions and corporations gobbling up all the supply, so too have fears increased among decentralization purists.

Is this validation of Bitcoins long-term value or the beginning of its co-option by the very forces it was created to resist?

Its an important distinction. Institutional adoption may appear to popularize Bitcoin, but top Asian influencer Sky Wee argues its the opposite; he is firmly encamped in the Bitcoin evangelist camp.

With more than 4 million followers across TikTok, Instagram, YouTube and Facebook and as an Official Binance Influencer and Lead Ambassador for a 500-strong network of Key Opinion Leaders (KOLs), Wee has become a critical bridge between East and West, driving global adoption and strategic collaboration in the Web3 space.

Bitcoin was always meant to be a hedge against the traditional financial system. Whats happening now is that the system itself is starting to acknowledge its value. Bitcoin doesnt care who owns it. It remains peoples money as long as people keep holding it.

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