The bottom line is Wall Street will heavily be in the game, with the different institutions promoting the funds. This alone will probably push some allocation of funds towards cryptocurrency.
I think many in crypto like this to happen and connect this to mainstream adoption.
Wall Street, the true money players, are going to hijack most of what we see before us. The situation with ETFs makes this clear.
If WS is successful, what would be its impact on the envisioned alternative inclusive monetary system?
Remember, crypto is not a different asset class. Instead, every asset class will end up being crypto.
Thanks for emphasizing this reminder.
!BBH
!PIZZA
It doesnt exist. Regulation only benefits the incumbents. Having Wall Street in control means we simply are dealing with another asset class on their books.
This is why those calling for Wall Street are actually anti-crypto (at least the tenets).
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