Is Wall Street Bitcoin’s Biggest Risk?

Is Wall Street Bitcoin’s Biggest Risk?

Technology
December 1, 2021 by mvp00
37
Bitcoin’s potential is immense — an independent global reserve asset, the foundation of a more ethical financial system, uncorrupted by centralized financial overlords. But what is the risk that bitcoin could become co-opted and corrupted by those centralized financial overlords? What if bitcoin loses its independence? What if bitcoin merely becomes another speculative Wall Street
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Bitcoin’s potential is immense — an independent global reserve asset, the foundation of a more ethical financial system, uncorrupted by centralized financial overlords.

But what is the risk that bitcoin could become co-opted and corrupted by those centralized financial overlords? What if bitcoin loses its independence? What if bitcoin merely becomes another speculative Wall Street plaything?

TLDR: Wall Street’s growing importance is unavoidable as bitcoin goes mainstream, but correlations will not rise indefinitely and bitcoin’s independence remains in the hands of everyday users like me and you.



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