Crypto Biz: Wall Street is marketing Bitcoin for us, Feb. 3-9
Big banks continue to explore Bitcoin and cryptocurrency’s long-term value proposition after shunning the asset class for years. A lot has changed since I first started covering Bitcoin (BTC) in 2012. A market once relegated to the deepest corners of the internet has now spawned a global revolution that has forced corporations and governments to form an opinion on digital assets. Now, Wall Street is chiming in, with analysts at major banks increasingly convinced that crypto is a maturing asset class with long-term potential.That was the general takeaway of a new report from Wells Fargo’s....
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Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
Wall Street Chads is the first NFT project to create a decentralized community-run investment platform. Inspired by WallStreetBets, the infamous subreddit community which is credited for the meme-investing craze and coordinating one of the largest short squeezes in history, Wall Street Chads leverages the power of the blockchain to bring the same community-driven investment strategies […]
currenWall Street is hellbent on getting its feet deep in the waters of crypto and it is recruiting an army to do so. Bloomberg reported that in the last three years, about 1,000 crypto-related roles have been created on Wall Street by financial firms looking to gain exposure to the market. Among these have been […]
As Wall Street buys bitcoin, crypto faces a fight for its soul. On the one side is mainstream acceptance. On the other: its cypherpunk roots.
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This much was confirmed just recently when a Wall Street veteran and former White House staffer launched a […]