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Strike CEO: Wall Street's involvement will not pose a threat to Bitcoin
ChainCatcher News, Strike CEO Jack Mallers stated on the What Bitcoin Did podcast that Wall Street’s increasing involvement with Bitcoin does not pose a threat or conflict to Bitcoin itself.
He pointed out that if Wall Street’s intervention could destroy Bitcoin, then Bitcoin would never have succeeded in the first place. Bitcoin’s vision is to become a currency for all humanity, which means its user base encompasses everyone. Currently, Bitcoin is competing for global capital, and as Bitcoin becomes monetized, assets such as real estate, art, and government debt will face de-monetization. Additionally, traditional financial institutions are accelerating their efforts to capture crypto platform customers, with Morgan Stanley launching a crypto trading pilot on the E*Trade platform, charging retail investors lower fees than mainstream platforms like Coinbase and Robinhood.