thejohnnycrypto on Nostr: “We will probably now have something like paper Bitcoin.” — Björn Schmidtke, ...
“We will probably now have something like paper Bitcoin.” — Björn Schmidtke, CEO of Penguin Group, had a warning that wasn’t anti-institutional, it was structural.
While speaking at The Bitcoin Mena Conference, he argued that as Bitcoin moves into the core of financial markets, it risks inheriting the same layered claims that transformed gold from a bearer asset into a paper market. ETFs, derivatives, and custodial products make access easier, but they also move holders further from the asset itself.
What stood out:
✅ Institutional access increasing distance from custody
✅ Paper claims emerging alongside real settlement
✅ Gold as a historical parallel, not a prediction
✅ Diversification driven by debasement concerns
The signal here is subtle but important. Institutional adoption doesn’t just change who holds Bitcoin — it changes how exposure is structured, and that may matter more over time than price action.
Follow me -
thejohnnycrypto (nprofile…hgue) for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejonnnycrypto #bitcoin #nostr #grownostr #asknostr #BTC
Published at
2026-02-21 13:18:41 UTCEvent JSON
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