Institutional investors will play an important role in securing the future of cryptocurrencies such as Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io.

In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s acceptance curve will grow significantly over the next five to 10 years. At the time, Voorhees estimated that half the world could be exposed to BTC. However, he believes mass adoption will occur much later, once Bitcoin becomes the global monetary standard.

The panel was almost unanimous in the view that Bitcoin is better served with entities with different beliefs buying and holding BTC. In this spirit, institutional adoption is a net positive for the ecosystem, as it ensures that the rules of the game never change and that governments do not try to intervene.

Voorhees said governments have a greater incentive to censor Bitcoin if it is mainly used by private investors. With large institutions at play, there can be a natural ‘bulwark’ against government overruns.

Regarding Bitcoin, Voorhees noted his belief: “The greater the mix and diversity of holders, the better, “before proceeding” democratizing control over money is the essence of Bitcoin. “

While Voorhees says we are still in the early stages of institutional adoption, 2020 was a turning point for the digital asset in terms of orthodox adoption. Big investors like Paul Tudor Jones and Stanley Druckenmiller have confirmed their stake in Bitcoin Paypal and Cash App buy most of the newly mined BTC.

Meanwhile, Digital Asset Manager Grayscale will continue to use Bitcoin and Ethereum (ETH) amid record inflow into his funds.

Bitcoin is struggling with a shortage of supply that almost happens in lockstep with the last deflationary halving. With stocks of around 900 BTC per day, institutional adoption appears to be positively impacting pricing.

According to Voorhees, the real surge in institutional interest will occur near the peak of the next bull market, when not owning Bitcoin will cause reputational damage.

Higher prices are no problem for large institutions, many of which are waiting for Bitcoin to “catch up with their liquidity,” Voorhees said.