Topic: Is Wall Street really interested in Bitcoin? (Read 11698 times)

True, the sheer adoption of bitoin makes Bitcoin prices significantly increased. And I am sure can equip the new ATH.

If you properly check and observe is only bitcoin that is skyrocketing more than any coin. I think someone is really behind it. If what you stated here is correct fact. He is brain behind it and he has plans towards the price of bitcoin

I do not like this type of news at all, because this action is a clear sign that speculative bubbles can be repeated again and again in this fragile market, because the old ideal of using bitcoin as a substitute for money fiat has been left far behind, to become almost exclusively an instrument of speculative investment, with very little use in the real economy.

Of course, this massive accumulation of bitcoins paints an ideal scenario for a new hike where only the great whales will benefit, by manipulating the price of bitcoin at convenience thanks to the large number of bitcoins they hold.

Wall Street is only about making more money and making more wealth. They are greedy financial analysts and they don't give attention to the digital money due to small market cap. After reaching the determined level it will attract higher level traders from Wall Street in my opinion.

The interest is there as far as I know but the fact is that the rise of these many ICO/IEO has damaged the good name of bitcoin. These guys invest in shitty projects and when they are scammed, they say bitcoin is a scam or fake coin .

I do think this company greyscale has been doing it for years now just not under the same umbrella corporation but doing over the counter orders so to cover their tracks if anyone comes looking to see where all the bitcoin holding came from.
And yes completely agree with you as it is probably helping keep the price above the level it is at now with all the accumulation they have been doing since they have officially announcing to the public via the recent media publications.

Why not? If there is a bull run and their analysis proof them to invest in crypto and make supernormal profit in a short run, then probably they will. But is not professional for them to tell the whole world that they are backing bitcoins. Intrinsically most fund managers invest in bitcoins.

It is a 'chicken and egg' problem. Relatives and others that are more well off for me say they will 'likely' invest in Bitcoin and Crypto WHEN they can do so through

there financial advisors that they have do their planning (the 1% Gold hedge etc). Folks with actual Portfolios in the hundreds of thousands of $$$ or beyond.

Telling them that by that time they would have 'missed the boat' and it is easier to just get some knowledge and armed with a BTC wallet etc via Coinbase as an example seems to fall

on deaf ears.

That is until they complain, that they should have gotten into BTC 3-4 years ago. Then again 3 years ago, I heard the same complaint then. Rinse/Wash/Repeat.

So the chicken and the egg issue is such folk with deep pockets will ONLY at this point (in my experience) get into BTC and Crypto, when say the ETF comes out for Bitcoin and Crypto.

Then, they, maybe, will buy BTC/Crypto on their 'financial advisors' say so as 'safe' (or safer..unsure of the logic...what I hear)

But unless the masses and these people DO actually buy some before the ETF, well stuff lags on ever getting the ETF through..with the ETF certifiers of Gov't saying that

the crypto and BTC is not 'mature enough' I should clarify, I'm using the ETF as an example of what these folk are using as a signpost right or wrong to jump into Crypto and BTC.

Perhaps, none of this matters much, and it is all a matter of 'speed' of eventual adoption.

But man, it is discouraging, when all they really have to do is their own research, get on Coinbase, (overpriced though it may be) and simply get in before,

rather than complain about 'being too late' on the whole crypto universe so they state. Or the fear that without an ETF or other 'rubber stamp' by their Governments it is too risky.

But I've become convinced, right or wrong when the ETF on Bitcoin comes down the pike, the FOMO will be intense. I mean OVER THE TOP intense! So I'm conflicted on ETF's as well.

Maybe this is why the 'powers that be' with traditional investment linkage via the Gov'ts are dragging their feet on ETF adoption. The mass exodus to Crypto/BTC could be staggering.

Pretty muddied. But then again, it is silly hearing the 'same song' of "You were lucky and I'm too late to

get into crypto and BTC" or "I'll only get into Crytpo and BTC when/if this 'decentralized' currency has the stamp of Gov't approval with an ETF or something equivalent"

Silly, hairless primates, that are humans seem never to change their group-think and if you are the outsider showing change...toss 'poo' at them.

Same reactions. Plus or Minus say 50,000 years. At least we are predictable.

End of Rant...

later

Brad

Bitcoin as a form of investment will attract many financial institutions to invest in it and there is nothing you can do about it, it is a free market and anyone can invest and there will be manipulation if someone is holding a huge amount of coins and if you look at the stock market there are rules and regulations in place when it comes to market manipulation and there are set rules to counter that and we might expect these kind of rules in the bitcoin market too in the future, will it stop the entire market manipulation, it is highly unlikely as there is still manipulation from institutions in the stock market even with all these regulations but it will restrict these things.

They want to make money, what ever they did to get it fast and to make big profit
Crypto on market still have people can handle it want they want and nothing possible price increase by one people.

Of course yes, Wall Street is interested in anything that can make them profit, usually without hard feelings for those involved, all they care is numbers.

So moving on, this kind of news, I don't think are helping us in crypto world

Wall street are indeed interested in Bitcoin. Most Institutional are secretly buying Bitcoin as a store of value and gradually the adoption is getting closer than imagined. This current momentum will continue swing upward as all eyes are on Bitcoin and Bitcoin alone.

So you agree that CME futures had a part to play in all this or not? I don't quite understand from this answer. I didn't say it was the main reason although usually when futures land on any market, this is already a bubble ready to pop. So I guess your point is logically correct, if I fully understand it. I have been looking the charts for several hours, every day, for more than 3 years. Although I don't see how December as a month has something to do with price or charting. I've seen trends happening in certain months for a certain reason but I don't see a December case. If you go back to 2011-12 it invalidades this. You need way more than two-three years to make this claim. What you are talking happened only in 2013 and 2017. Perhaps it will happen in 2021 again and next bubble will pop Jan 2022. This wouldn't prove a case either.

Most rational investors and traders outside CME did the same thing. People blamed the CME for dragging the price down but it was just the bubble that popped. It also happened before when there weren't even futures.

The interesting part however is the timing. Bitcoin has always been an extremely poor performer in the first couple of months of each year (look up the charts and you'll see what I mean), so they may have launched intentionally in December of 2017.

If you also add that people bought the rumor and would very likely sell the news, then you know that the odds of a correction to happen were extremely high. Poor people who bought the $20k peak.

Statistically, over 11-12% of usual Americans own Bitcoin. This cryptocurrency is too popular in the USA. It is evident that many guys from Wall Street have BTC and probably, they even trade actively.

Right, Jamie Dimon is one classic example, WTF!- JP Morgan Chase Buys 9000+ Bitcoins after Jamie Dimon threatens to fire any employee that owns it. CME and CBoE entering the picture is also a clear indication that they don't want to miss making huge money in this market. And then we have the Bakkt Bitcoin future contracts offering, those guys are smart, they know that they can easily manipulate the price of the market and that is where these guys are good at.

Who wouldn't be interested in Bitcoin now. Everyone knows that crypto is the future and Bitcoin is the postal boy there so expect more positive news in that direction

They had a big party on Wall Street on CMA futures first day  in 2017. Next month they all went short.

your post is very strange, the title makes this unnecessary question: " Is Wall Street really interested in Bitcoin? " because in the news already shows that Wall Street is already in the crypto world.

another point about this:


I think the correct word is "bought".

Of course, what do you expect from Wall Street, they might have been in the market during the bearish trend in 2018, so definitely they are in this market to make money out of it. And for those Wall Street that says that they are not interested on bitcoin because of blah, blah, blah, they are not telling the truth. Whales, sharks, greedy people from Wall Street have been playing with us, they even change some of the rules in this market, believed me.