Why Is Wall Street Legitimizing Bitcoin

Last Updated on June 6, 2023 by Paganoto

Is Wall Street Killing Cryptocurrency? – Investopedia

Whether intentionally (or as a byproduct of its own flaws), Wall Street could slowly be killing cryptocurrency.

In 2014, as regulators in New York were exploring ways to control Bitcoin, executives at Wall Street’s biggest banks fretted that regulating …

BTC’s anarchic beginnings are betrayed and legitimized by the world’s largest asset manager.

Finance and investing expert Robert Johnson explains why legitimizing cryptocurrencies as an asset class is a fool’s errand.

Crypto regulations would further legitimize this opaque asset class … Most of the stocks in this report are flying under Wall Street radar …

“It can be explained by demand for exposure to the price of bitcoin from investors who otherwise cannot or do not want to own actual bitcoins.”.

To put that market cap into context, Wall Street’s total equity market cap is over $20 trillion. Even if hedge funds do wade into bitcoin, …

Wall Street banks view central bank digital currencies as the next … A digital dollar would resemble cryptocurrencies such as bitcoin or …

Why it matters: The order is an acknowledgement that crypto is here to stay, and moves the government one step closer to a policy framework …

At a time when “cyber security” has become an oxymoron, why is our government joining with Wall Street to greenl.

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.