When Wall Street will finally jump in?

[CryptoPanda]

How come communist country like China massivelly jumped in on the bitcoin wagon already and modern and democratic country like US is still (mostly) taking their sweet time?
Where is Wall Street, where are the big money? Right now China is driving the price up for second time and we see little to no action from US capitals.
Kinda can't figure it out?

[karsy]

Chinese people are obsessed with riches. Because the male in a family must provide for all expenses.

[CryptoPanda]

and western people are not?

[01BTC10]

Strict financial regulation and fear of lawsuit are probably slowing down Bitcoin entrepreneurship in western world. This is particularly true for the US.

[Elwar]

The US is not a democracy. Never was.

[dre_2ooo]

Because BTC is not able to be printed or inflate.

[CtrlAltBernanke420]

Because BTC is not able to be printed or inflate.

So why arent more people jumping onboard?

[cr1776]

Strict financial regulation and fear of lawsuit are probably slowing down Bitcoin entrepreneurship in western world. This is particularly true for the US.

This.  Regulation slows down adoption - e.g. the BTC ETF (from the Winklevoss twins) will be lucky to be approved by the regulators by the end of 2014, and they hope 2015.  So the US just reduces freedom and reduces opportunity, and the ETF is just one example.

[goose20]

Maybe the arrests which have happened in the US have scared people there.
Haven't heard of any in China yet. Correct me if i am wrong though.

[dre_2ooo]

Because BTC is not able to be printed or inflate.

So why arent more people jumping onboard?

Because those who run the country money system (Fed and banks) need inflation to profit from their slaves citizens.

[Joshuar]

Is it either because many of you are too naive, or too stupid to understand the nature of Bitcoin. It's an anonymous virtual currency that's quite impractical and instable. As shown just this month with Mt.Gox, it's price jumped what, 30% in one day? I love how many of you are so against regulation, but without regulation is when there's a real problem. Illegal drug trafficking sites such as Silk Road made millions off people buying drugs through Bitcoin. There needs/will be regulation of a cryptocurrency in the future. The reason why the feds haven't bothered to regulate Bitcoin much in the USA, or completely ban it in other countries is because of it's price fluctuations, high transaction times, and high energy output to mine, which they know that after a while people will Move on to another more effiencet, more practical for daily use cryptocurrency . They know that in the future, a new cryptocurrency without all the flaws of Bitcoin will emerge, and WILL become mainstream which Bitcoin hasn't, still 5 years after it's release and never will become. Once that happens you can expect regulation no matter how "anonymous" you think it is.

Just giving you all naive suckers a heads up.

Pce.

[S4VV4S]

The only reason the Wall Street is not in this yet is because (just a fictional scenario here) the U.S. is in development of their own cryptocurrency.

Just saying here......

Wouldn't that make sense?

EDIT: Let's not forget that nobody knows who Satoshi Nakamoto is

[kthejung]

I think the Chinese are currently in an opportunistic mindset whereas many Americans are content with the current establishment. The Chinese have been working for wages that are considered unacceptable by even "poor" Americans for quite some time now.  Many Americans tend to stick to established financial guidance from reputable investors such as Warren Buffet who are stating that bitcoins are not real currency. Just my guess.

[RodeoX]

Is it either because many of you are too naive, or too stupid to understand the nature of Bitcoin. 
...

You don't know any of us, and there is no evidence you understand anything about bitcoin. The flaws you describe have always been a part of bitcoin. This is what a free market looks like and I Would not be interested in BTC if it were otherwise. Did you think free markets were nice? They are not, they are brutal and fluctuate wildly. The NYSE was like this also in the 1800's.
Regulation only created a profoundly unfair market. Your 401K isn't worth toilet paper yet you may well think that you are going to retire on it. Talk about a sucker, a 401K is a scheme where you put up all the money, take all the risk, and get 30% of the profit.
Call us all the names you want, consider us stupid fools; I don't care. The proof you are wrong can be found in our vaults full of gold, deeds, index funds, and bitcoin wallets.   

[sickpig]

Is it either because many of you are too naive, or too stupid to understand the nature of Bitcoin. It's an anonymous virtual currency that's quite impractical and instable. As shown just this month with Mt.Gox, it's price jumped what, 30% in one day? I love how many of you are so against regulation, but without regulation is when there's a real problem. Illegal drug trafficking sites such as Silk Road made millions off people buying drugs through Bitcoin. There needs/will be regulation of a cryptocurrency in the future. The reason why the feds haven't bothered to regulate Bitcoin much in the USA, or completely ban it in other countries is because of it's price fluctuations, high transaction times, and high energy output to mine, which they know that after a while people will Move on to another more effiencet, more practical for daily use cryptocurrency . They know that in the future, a new cryptocurrency without all the flaws of Bitcoin will emerge, and WILL become mainstream which Bitcoin hasn't, still 5 years after it's release and never will become. Once that happens you can expect regulation no matter how "anonymous" you think it is.

Just giving you all naive suckers a heads up.

Pce.

So you're saying that instability and anonymity are the main flaws of btc, am I right? The former is due to the narrow liquidity intrinsic to any new-born market, the latter is simply false. Bitcoin is not anonymous.

[bananas]

it is a small market for them, they won't jump in any soon

[gentlemand]

Clarified tax structure, a bit of friendliness from established banks, regulated and dependable exchange on home soil = Wall Street en masse.

[got2bereal]

Because in order for Wall street to get in they must own all of the warlords that controls the market.  Since there are no warlords in the bitcoin economy they won't get in.  Too much of a risk.  

There is no risk in the stock market to Wall Street because if the market dips they win, the market goes up they still win.  

[giletto]

If 1 coin is about 5k-10k $$ maybe, but not before. Just not profitable enough.

[spazzdla]

The US is not a democracy. Never was.

This