Strike CEO: Wall Street Involvement Will Not Pose a Threat to Bitcoin

Odaily Odaily reported that Strike CEO Jack Mallers stated on the What Bitcoin Did podcast that Wall Street's increasing participation in Bitcoin will 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 achieve success from the very beginning.

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