Kaspa is approaching 90% mined without a Binance or Coinbase listing.

When #Coinbase first started trading Bitcoin, it was only 48.9% mined, and when #Binance started trading Bitcoin, it was 78.2% mined.  When #Grayscale started its Bitcoin Trust, Bitcoin was only about 56% mined.  

Since #Kaspa is so far into its emissions schedule, institutional adoption will have a much greater impact on its price than Bitcoin experienced.

The longer that institutional players wait to adopt Kaspa, the less new #KAS supply there will be available for them to accumulate to make a market. 

In some ways, the longer it takes for institutional adoption of Kaspa, the better, since it will cause #KAS to become widely distributed among miners and accumulators, making it more resilient to centralized attempts to control it. 

Kaspa's rapid emissions schedule will cause institutional custodianship of $KAS to always remain less than for $BTC.  Since Kaspa becomes scarce much more rapidly than Bitcoin, institutional dollars that flow into $KAS will cause its price to rise faster than the same flow of funds into $BTC, assuming equal demand for each. 

Ultimately, however, institutional adoption of Kaspa will largely prove to be irrelevant because Kaspa's technology will eventually make financial institutions obsolete.
#Coinbase #Binance #Grayscale