showed red candlesticks on the daily chart, declining by 0.72% to $67,848, BTC spot exchange-traded funds presented a different picture.These developments have led to widespread speculation about why Wall Street and the political class have suddenly taken a keen interest in Bitcoin and cryptocurrencies.
“Bitcoin and cryptocurrency represent a new opportunity for Wall Street. They now have the ability to drive revenue, they have the ability to sign up new customers and they have the ability to attract new talent.”“Wall Street all of a sudden has flipped around in the table, they realized this asset class these assets they are not a threat they are the new opportunity if we want to grow.
Additionally, shedding light on the SEC’s approval of the Bitcoin ETF which resulted in over $1 billion flowing into Bitcoin, Pompliano said,Further in the conversation, Pompliano added that politicians, much like financial institutions, initially ignored BTC and crypto, then opposed it, and eventually recognized its potential to disrupt the status quo.Overall, Bitcoin and cryptocurrencies have come a long way from being dismissed and opposed to being widely accepted.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »