Strike CEO: Wall Street Involvement Won't Pose a Threat to Bitcoin

Odaily reported that Strike CEO Jack Mallers stated on the What Bitcoin Did podcast that Wall Street's increasing involvement in Bitcoin does not pose a threat or conflict to Bitcoin itself. He pointed out that if Wall Street's involvement could destroy Bitcoin, then Bitcoin would not have been able to succeed in the first place.

Bitcoin's vision is to become the currency for all of humanity, meaning its user base encompasses everyone. Currently, Bitcoin is competing for global capital. As Bitcoin monetizes, assets such as real estate, art, and government debt will face demonetization. Additionally, traditional financial institutions are accelerating their efforts to capture customers from crypto platforms. Morgan Stanley has launched a cryptocurrency trading pilot on the E*Trade platform, charging retail fees lower than those of mainstream platforms like Coinbase and Robinhood.