Wall Street doesn’t need Bitcoin because it will continue to make money without it, according to a research analyst posted.
With Wall Street firms not exposed to Bitcoin BTC 0.05%, advisory and transaction fees will still provide ongoing benefits. Second, Bitcoin does not need Wall Street because it will survive without a third party.
Bitcoin will continue to provide options for people living under dictatorships or double-digit inflation. But in reality, while they don’t need each other, they don’t completely hurt each other.
A full-scale acceptance of Bitcoin on Wall Street means more revenue for Wall Street and therefore more money; this embrace could also mean more returns for Bitcoin holders by raising the price of Bitcoin.