Wall Street doesn’t need BTC 0.36%-news/">Bitcoin because it will continue to make money without it, according to a research analyst posted.
With Wall Street firms not exposed to Bitcoin, 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.