{"id":33084,"date":"2020-12-09T13:15:41","date_gmt":"2020-12-09T11:15:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33084"},"modified":"2025-08-28T12:04:48","modified_gmt":"2025-08-28T09:04:48","slug":"erik-voorhees-institutional-investors-will-shield-bitcoin-from-government-interference","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/erik-voorhees-institutional-investors-will-shield-bitcoin-from-government-interference\/","title":{"rendered":"Erik Voorhees: Institutional investors will shield Bitcoin from government interference"},"content":{"rendered":"<p>Institutional investors could become the \u201cnatural shield\u201d for Bitcoin against excessive government oversight. The statement was made by ShapeShift CEO Erik Voorhees at the LaBitConf conference.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Enjoy <a href=\\\"https:\/\/twitter.com\/laBITconf?ref_src=twsrc%5Etfw\\\">@laBITconf<\/a> 2020 Day # 1 <a href=\\\"https:\/\/t.co\/348VXD35ow\\\">https:\/\/t.co\/348VXD35ow<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\\\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1335976289044316160?ref_src=twsrc%5Etfw\\\">December 7, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In Voorhees\u2019s view, regulators are concerned with cryptocurrency use only by retail investors. Expanding the audience through institutional players seeking stability would improve the sector&#8217;s outlook.<\/p>\n<blockquote>\n<p>\u201cThe accessibility of Bitcoin to institutions will ensure equality for all. That is the essence of Bitcoin: to democratise control over money,\u201d said ShapeShift\u2019s chief executive.<\/p>\n<\/blockquote>\n<p>He conceded that widespread adoption of digital gold would occur in the next five to ten years, as the asset becomes a global monetary standard. For now, cryptocurrencies are at an early stage of integration into the corporate sector, but 2020 was a turning point for Bitcoin in this regard, Voorhees noted.<\/p>\n<p>The first public company to invest part of its capital in Bitcoin was MicroStrategy. In August it <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-becomes-the-first-nasdaq-listed-company-to-invest-part-of-its-capital-in-bitcoin\">announced<\/a> the purchase of 21,454 BTC for $250 million, and a month later <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-bets-another-175-million-on-bitcoin\">additionally purchased<\/a> 16,796 BTC for $175 million.<\/p>\n<p>Earlier, on December 5, MicroStrategy chief Michael Saylor announced <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-invests-another-50-million-in-bitcoin-at-just-over-19000-per-coin\">the third investment<\/a> in Bitcoin totaling $50 million at a price above $19,000 per coin.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Institutional investors could become the \u201cnatural shield\u201d for Bitcoin against excessive government oversight. The statement was made by ShapeShift CEO Erik Voorhees at the LaBitConf conference.<\/p>\n","protected":false},"author":1,"featured_media":33085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,2055,1156],"class_list":["post-33084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-erik-vorkhes","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33084"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33084\/revisions"}],"predecessor-version":[{"id":33086,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33084\/revisions\/33086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33085"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}