Of course they won't. They are not dumb unlike most users of this forum.
Wow, do you ever demonstrate intelligence, or just insult other people's?
Topic: Why Wall Street will most likely never invest much in bitcoin - page 2. (Read 1991 times)
Wow, do you ever demonstrate intelligence, or just insult other people's?
It's quite plausible that we would see companies working in the bitcoin space trading on Wallstreet at some point. Remember, bitcoin is like the internet.
"How are you going to make money buying and selling the internet. It's far too complicated for ordinary people."
There are people who work on Wallstreet currently involved in bitcoin trading. The market is small enough that iit can be manipulated, which translates to huge profits for some.
It took 20 years between the first use of tcp/ip and the first email, and another 10 years before everyone was using email. Technology keeps accelerating, but it still takes time.
"How are you going to make money buying and selling the internet. It's far too complicated for ordinary people."
There are people who work on Wallstreet currently involved in bitcoin trading. The market is small enough that iit can be manipulated, which translates to huge profits for some.
It took 20 years between the first use of tcp/ip and the first email, and another 10 years before everyone was using email. Technology keeps accelerating, but it still takes time.
Of course they won't. They are not dumb unlike most users of this forum.
The market cap of bitcoin is tiny in wall street scale. Their "not very much" is huge could move bitcoin markets. If there is money to make, they will be in.
They are clearly making a small bit of money on the short side right now, but I am talking about serious money with billions invested.
You raise a good point about the company and platform thing. People like a personality cult figure they can rally behind when times are good and blame when times are bad. Who do we praise and villainize when BTC is going or not going the way we like? There is no CEO or board of directors to oust when shareholders are unhappy.
exactly, but nature abhors vacuum, so somebody will step up (please, please let it be someone else and not AA- he is a bit of a preacher type).
exchanges better move quick to do us a solid for this mess costing us at least 16% decline in value.
The market cap of bitcoin is tiny in wall street scale. Their "not very much" is huge could move bitcoin markets. If there is money to make, they will be in.
They are clearly making a small bit of money on the short side right now, but I am talking about serious money with billions invested.
You raise a good point about the company and platform thing. People like a personality cult figure they can rally behind when times are good and blame when times are bad. Who do we praise and villainize when BTC is going or not going the way we like? There is no CEO or board of directors to oust when shareholders are unhappy.
The market cap of bitcoin is tiny in wall street scale. Their "not very much" is huge could move bitcoin markets. If there is money to make, they will be in.
They are clearly making a small bit of money on the short side right now, but I am talking about serious money with billions invested.
The market cap of bitcoin is tiny in wall street scale. Their "not very much" is huge could move bitcoin markets. If there is money to make, they will be in.
Seriously...100% of bitcoin market cap is a few tens % of some messaging app
That's an opportunity, isn't it?
If there's a decent bit of money to be made and it's reasonably above board, Wall St would happily trade used tampons.
I don't see why a few of them won't have a dabble in BTC once there's regulation in place.
I don't see why a few of them won't have a dabble in BTC once there's regulation in place.
not talking about trading chick s... money (a few mils here and there).
Seriously...100% of bitcoin market cap is a few tens % of some messaging app
If there's a decent bit of money to be made and it's reasonably above board, Wall St would happily trade used tampons.
I don't see why a few of them won't have a dabble in BTC once there's regulation to allow trustworthy/ even more rigged trading.
I don't see why a few of them won't have a dabble in BTC once there's regulation to allow trustworthy/ even more rigged trading.
1. Bitcoin has to show that it is the dominant crypto platform with a long staying power. However to prove that, it needs large scale buy and hold from wall street, resulting in catch 22 situation.
2. If you look at one of Peter Thiel's videos (https://www.youtube.com/watch?v=RUMgK0TyV1Q), he talks about supporting monopolies. Bitcoin is an open system, hence no monopoly is likely which we should be happy about.
3. Wall street understands companies, even companies with platforms (Apple, Google, Microsoft, facebook, etc). They do not understand or invest vast sums into platforms that are not associated with one dominant company. Example-Linux and now bitcoin.
4. Cons of bitcoin (from the wall street perspective): bitcoin does not have a single charismatic leader that Wall Street comes to trust (a la Gates, Jobs, Besos, Zuckerberg, Page/Brin).
Conclusion: Wall street will try to build up and promote some crypto 2.0 (ethereum) that is/are associated with certain leaders (Buterin/Wood) or an alternative 1.0 (XRP). We'll see if that works.
Bitcoin has to survive and thrive WITHOUT wall street, as was originally intended.
2. If you look at one of Peter Thiel's videos (https://www.youtube.com/watch?v=RUMgK0TyV1Q), he talks about supporting monopolies. Bitcoin is an open system, hence no monopoly is likely which we should be happy about.
3. Wall street understands companies, even companies with platforms (Apple, Google, Microsoft, facebook, etc). They do not understand or invest vast sums into platforms that are not associated with one dominant company. Example-Linux and now bitcoin.
4. Cons of bitcoin (from the wall street perspective): bitcoin does not have a single charismatic leader that Wall Street comes to trust (a la Gates, Jobs, Besos, Zuckerberg, Page/Brin).
Conclusion: Wall street will try to build up and promote some crypto 2.0 (ethereum) that is/are associated with certain leaders (Buterin/Wood) or an alternative 1.0 (XRP). We'll see if that works.
Bitcoin has to survive and thrive WITHOUT wall street, as was originally intended.
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