Some Bitcoin enthusiasts have said that its increasing integration into the existing financial system has pulled it away from its founding ideals. Paul Chou, a former trader at Goldman Sachs who set up LedgerX, a regulated Bitcoin exchange that would compete with the Intercontinental Exchange, said his company has made a point of focusing on large Bitcoin holders, rather than financial institutions.
“The reason we got into crypto was not to partner with a bank, but to replace them,” Mr. Chou said, using the shorthand for cryptocurrencies. “We deal with crypto holders directly in a way that really takes advantage of Bitcoin’s strengths, while avoiding brokers, banks and other institutions that take multiple cuts of the transaction.”
“The industry is seeing unprecedented institutional interest for the first time in Bitcoin’s history,” he said. “I’ve been amazed that the strongest believers in cryptocurrency often start out the most skeptical. It’s a healthy skepticism. But at some point the perception shifts, and for many institutions — I think we’re finally there.”
"They" are salivating for all the reasons laid out already..the big short. This is how ignorant these people are..not understanding enough to realize that just hodling and going long would achieve phenomenal results. The problem for now at least is they havent bought in enough to drive the price down enough for weak hands to panic sell. This is why I believe we are going to have a Bullish couple of years until the next halfening. It will take institutions time to acquire position's that are strong enough to manipulate with out causing(more) huge price spike's. Natural adoption globally is going to increase price in the mean time so there might be enough liquidity by then to sustain these wall street shenanigans.
*edit*
+1 WOsMerit Marcus. Entangled post.
... Just for the lulz... 
