The more research that I dig up for an upcoming feature on institutional investors and bitcoins, the more I believe that it will be a few more years before asset managers are able to profit from digital-currency investments.
This has nothing to do with the maturity of the bitcoin infrastructure, which is fine and only needs more users to exploit the network effect.
It is that Satoshi Nakamoto was thinking about the individual, and not of banks or institutional investors, when he proposed the digital currency.
If he had, he would not have designed an anonymous currency that traded over-the-counter (OTC) in a peer-to-peer fashion. Read the rest of this entry »