While some traders have gotten mixed signals, Guggenheim's Scott Minerd is taking the long view.
Wall Street News
Wall Street is a street in a lower Manhattan, New York, that houses crucial financial companies, banks and exchanges. The Wall Street stock market is one of the most famous places of trade and includes the NYSE – the world’s largest stock exchange in terms of market capitalization. The significance of Wall Street and its impact is hard to overestimate, as the most influential financial companies from all over the world are gathered there.
More and more, large trading firms are becoming interested in Bitcoin due to the possibility of earning fast money. It is no wonder that the attitude toward cryptocurrency in the financial community has been becoming warmer due to the rise of interest among prestigious trading and investments companies on Wall Street. By 2018, some companies trading on the NYSE have included Bitcoin into their list of assets. Their involvement might help lessen the volatility of digital currencies, which is now one of the main factors that frightens off individual investors.
Potential listing could provide a valuation anchor, not only for future crypto IPOs but also for crypto-native exchange tokens.8517
In the latest big move by traditional finance to incorporate crypto, 550 coins will appear in the new indexes starting next year.67000
The company behind USDC has added a new face that could help further institutional adoption.8340
The $275 billion company has filed an SEC amendment to allocate over $500 million from the Macro Opportunities fund to Grayscale's GBTC30640
It’s becoming increasingly clear that smart money is starting to take Bitcoin seriously.27726
It scores highly among the possible options to counteract inflation.17295
We’re in the middle of the greatest wealth transfer in human history, with DeFi finally solving the problem of financial inclusion.25310
Although the nascent crypto hedge fund industry still has lots of developing to do, it will undoubtedly be the future of finance.19792
“Welcome the world’s newest Bitcoiner,” Pomp stated on Twitter.6044
High usage of leverage in Bitcoin futures is the symptom of a gambling mentality in crypto, argues CMS Holdings’ Dan Matuszewski.5858
Finding a high-performance asset without insight is challenging, but systematically controlling losses is what is really needed to succeed.7781
The Bitcoin community was quick to point out a $150 million penalty paid by Deutsche Bank for serving Jeffrey Epstein.4905
Speed, reliability and availability are the cornerstones of modern finance, and DeFi has the potential to enhance and even supplant traditional finance.6325
A former Goldman Sachs vice president of investment banking: “We should be glad that traditional Wall Street hasn’t come around to embrace crypto yet.”7471