Strike CEO: Wall Street intervention will not pose a threat to Bitcoin

Comparing news, Strike CEO Jack Mallers said on the What Bitcoin Did podcast that Wall Street's growing involvement in Bitcoin would not pose a threat or conflict to Bitcoin itself. It points out that if Wall Street intervention can destroy Bitcoin, then Bitcoin will not be successful in the first place.

Bitcoin's vision is to be a currency for all, which means that its user base includes everyone. Currently, Bitcoin is competing for global capital. As Bitcoin is monetized, assets such as real estate, art, and government debt will face decontamination. Furthermore, traditional financial institutions are rapidly seizing crypto platform customers. Morgan Stanley has launched a pilot cryptocurrency transaction on the E*Trade platform, and it charges lower retail transaction fees than mainstream platforms such as Coinbase and Robinhood.