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Strike CEO: Wall Street cannot threaten Bitcoin; the involvement of traditional financial institutions is an inevitable process
BlockBeats News, May 9 — Strike CEO Jack Mallers said on the What Bitcoin Did podcast that Wall Street’s large-scale involvement in Bitcoin will not threaten its core principles. If Wall Street can “kill” Bitcoin, then Bitcoin itself was never actually capable of succeeding. The essence of Bitcoin is “money for everyone,” and it should be inclusive of everyone, including opponents and traditional institutions.
Mallers emphasized that Bitcoin is competing with global capital. Assets such as real estate, artwork, and government debt will be de-monetized, while Bitcoin will be monetized. The participation of traditional financial institutions is an inevitable result of this process rather than a threat. Although Bitcoin ETFs have attracted billions of dollars in inflows and some Bitcoin supporters are concerned that centralized institutional control could affect Bitcoin development, this is a positive signal that Bitcoin is moving toward mainstream adoption.