Institutional money into Crypto?

[Reid]

Oh I love this guy. He saw through the banking scam, I mean banking institution and they are all right.
Yeah I get it, you are not joking about it because it is reality.

If this is just what they will do with the crypto technology then hell no. I would still want to see a bitcoin in my wallet rather than having just a certificates which proves I really own 1 while in reality 10 of us own that 1 using just a certificate. This is why I hate the banks.
So where is our money at?
They invest it for a greater profit. It is a good business, maybe I will also create one.

[1713994031]

1713994031

[1713994031]

1713994031

[1713994031]

1713994031

[1713994031]

1713994031

[BitBustah]

Most people here don't care about crypto vs the banks.  They just want their bags to be pumped so they can dump for fiat money.  There aren't many hardcore libertarian left in bitcoin.

[posi]

Hey guys. I'm very active on Quora. There a great many people are predicting tgat cryptos will get bigger soon as Wall Street is working to get invested in cryptos. They all think that once banks bring their massive funds into crypto, that the price will go sky high.

I'm not so optimist. I think Wall Street getting into Bitcoin can only mean bad things. Mainly rehypotecation and paper bitcoin allowing countless people to invest in Bitcoin 'certificates' rather than owning actual Bitcoin.

How do you guys feel about that?
You think Wall Street money getting pumped into Bitcoin can be a good thing?

I for one only see bad stuff down that road. Bitcoin  is supposed to be the death of Wall Street, not it's instrument.

Your thoughts?

It's not only Wall Street.It's the CBOE and CME that want bitcoin derivatives.The whole Bakkt project is about bitcoin futures/derivatives.This is what the institutional investors want.I guess that they just want to store btc.
But if you buy such derivative,the entity that owns the real btc that backs that derivative might scam buy.
This is just another level of centralization.

There's no doubt that the institutional act is to form a kind of centralization of crypto market and this is why I don't support the CBOE and CME when it was implemented. Besides, the CBOE and CME was one of the thing which I believed that lead to the bad corrections of the crypto market last year because some set of people seize the advantage of CBOE and CME to force control and manipulate the market.

[enhu]

Would the traders go to banks to buy certificates instead of going to crypto exchanges to buy BTC?

They can create however tons of those certificate but with the information surrounding the internet, they sure would see advise to get a wallet of their own. They'd be thinking wisely not to buy certificates than having a real nano wallet for themselves if they are to really hold coins.

[Kimi80]

Wall Street is such a strong institution that death of it is very hard to imagine. We will have to wait to see if this news is true or if it's just a speculation. Lots of people are hoping and are believing in blockchain as a revolution of currency system but, as I was writing about similar subject numerous of times, I don't think that it can pass by the greatest players just like that. They will find a solution to continue with the system that makes them the only side that consider about everything when money and payment system is involved...

[Pab]

Institutions are not always Wall Street
with Bakkt launch we will have merchants adoption
There are services what can join crypto thanks  to Bakkt
Not all institution what are on Fidelity are Wall Street
But for sure some Wall Street boys will like to join party and than we will have kind of manipulation big pump and yet another dump
I am only  afraid what than after EFT approval bitcoin  can be the same like gold market is now where price is fully controlled by big institution money

[wuvdoll]

For the fact that "bitcoin will be death of wall street and not an instrument" we are already beyond that. Wall street already turned bitcoin into an instrument and people use it like a commodity and investment.

Bitcoin wasn't suppose to be an investment, it supposed to be money itself, however people use it like "put dollars into exchange, buy bitcoin, sell bitcoin, withdraw more dollars from exchange" and since they started using it that way and bitcoin became a topic of "how much dollar it is" instead of "what is the buying power of it" wall street already won.

Bitcoin will never hurt wall street from now on, there is no way, maybe master card and visa but not the investment companies, they will jump in on this and some of them already did and I am sure most of them hold some bitcoins just in case and that resulted with bitcoin losing that "wall street killer" ideology long ago.

[biskitop]

I'm not so optimist. I think Wall Street getting into Bitcoin can only mean bad things. Mainly rehypotecation and paper bitcoin allowing countless people to invest in Bitcoin 'certificates' rather than owning actual Bitcoin.

How do you guys feel about that?
You think Wall Street money getting pumped into Bitcoin can be a good thing?

this can actually cause a stir in the market, with the wall street decision to put money into bitcoin, they definitely want a "return" if the market is pumped up on the huge investment they make. and yes, maybe you are right if bad things will happen if in the end bitcoin will be owned in the form of a certificate where there is the name wall street and not bitcoin in full anymore. but the possibility of that happening is only 10%, I'm still very confident bitcoin will continue like this, and its value will definitely grow with or not wall street there.

[bitmedia]

Hey guys. I'm very active on Quora. There a great many people are predicting tgat cryptos will get bigger soon as Wall Street is working to get invested in cryptos. They all think that once banks bring their massive funds into crypto, that the price will go sky high.

I'm not so optimist. I think Wall Street getting into Bitcoin can only mean bad things. Mainly rehypotecation and paper bitcoin allowing countless people to invest in Bitcoin 'certificates' rather than owning actual Bitcoin.

How do you guys feel about that?
You think Wall Street money getting pumped into Bitcoin can be a good thing?

I for one only see bad stuff down that road. Bitcoin  is supposed to be the death of Wall Street, not it's instrument.

Your thoughts?

Not yet! This market is not ready for it. Investors must be sure that their money are in safety place - Binance and other exchanges aren't such places...
There no laws and rules of regulation this market... It's early right now for Wall Street to join crypto world. Crypto futures is one step but to move further, the market should be prepared for it.

[Naida_BR]

Most people here don't care about crypto vs the banks.  They just want their bags to be pumped so they can dump for fiat money.  There aren't many hardcore libertarian left in bitcoin.

This is the reason that all these people want a Bitcoin ETF. It is not going to do any good in terms of technology or mass adoption. It will just make the bags of the big players bigger and they will just pump the price.
Decentralized vs centralized or crypto vs banks doesn't exist anymore.

[avikz]

How do you guys feel about that?
You think Wall Street money getting pumped into Bitcoin can be a good thing?

I for one only see bad stuff down that road. Bitcoin  is supposed to be the death of Wall Street, not it's instrument.

Your thoughts?

I somewhat agree to your statement but not entirely! If wall street money is pumped into crypto market, we will gain one very important parameter for the sustainability of cryptos - legality! That will be an examplenary incident for the rest of the world and will serve as a case study for those pessimistic countries! It may increase the adoption rate of cryptos to a massive level we can't imagine now!

However, every good thing comes with its own risk and it will not be an exception. We will have to face increased number of speculation around crypto prices. As we will see huge money inflow during good times, we will also see even greater number of withdrawals during bad times. The crypto prices will be more unstable than ever. But this is something we are already facing so it won't make much difference for the existing traders, but newbies will have hard time to cope up with it.

In a nutshell, I don't see the adoption if wall street is a bad thing after all. Crypto us definitely a revolution but the beauty of this revolution lies with co-existance.

[Harlot]

I have a unpopular opinion in my mind that wall street Wall Street money is already in the crypto market of course not officially but privately. Even though we don't have ETFs yet we cannot dismiss the possibility that some of their board members are already buying up and selling cryptos with large sums of capital privately this people are risk takers and most of them want to go big or go home. So in the conditions we are having now where whales dominate the market we can say that some of the whales are also from wall street, only making it official with ETFs won't change anything in the market.

[Aligab166]

Hey guys. I'm very active on Quora. There a great many people are predicting tgat cryptos will get bigger soon as Wall Street is working to get invested in cryptos. They all think that once banks bring their massive funds into crypto, that the price will go sky high.

I'm not so optimist. I think Wall Street getting into Bitcoin can only mean bad things. Mainly rehypotecation and paper bitcoin allowing countless people to invest in Bitcoin 'certificates' rather than owning actual Bitcoin.

How do you guys feel about that?
You think Wall Street money getting pumped into Bitcoin can be a good thing?

I for one only see bad stuff down that road. Bitcoin  is supposed to be the death of Wall Street, not it's instrument.

Your thoughts?

At first it sounds very great to hear that an institution as large as Wall Street is bringing its investment into Bitcoin, but your analysis of the negative impact gets me worried. I would like to know how certain you are of this assumptions as it has not happened, neither did Wall Street came out to declare their modus operandi when it fully gets involved in Bitcoin and cryptocurrency. If you have a source, please name it. Thanks

[exstasie]

In a way, we already have this in the form of Bitcoin Futures, Futures trading gives new investors the choice to bet against Bitcoin and also allows them to settle contracts in dollars, boosting their liquidity.

Purely cash settled markets don't matter. They are isolated from the spot market because these are essentially "contract for difference" (CFD) markets. Buyers and sellers agree on a contract price, and the sellers pay buyers the difference between current value and settlement value. This is settled in cash, so there is no avenue for buying or selling of real bitcoins, so it doesn't affect real prices. If Wall Street were to manipulate cash settled markets downwards, there's no way for Bitcoin holders to sell coins elsewhere and wire the USD to CME to buy their coins back. Since arbitrage is impossible, these markets should always follow spot, never lead.

If we start seeing "paper bitcoins" (Citibank is currently working on one such instrument, and Bakkt is working on another), it's a different story. If the option exists to settle in Bitcoin, then these markets could potentially lead the spot markets, all while diluting the supply. That spells disaster for the price.

[Pepe Lapiu]

The following is worth reading twice and trice until everyone understands this.

If we start seeing "paper bitcoins" (Citibank is currently working on one such instrument, and Bakkt is working on another), it's a different story. If the option exists to settle in Bitcoin, then these markets could potentially lead the spot markets, all while diluting the supply. That spells disaster for the price.

Let's make no mistake about this. Wall Street, institutional investors, and banks can only wreck havoc on Bitcoin.  Nothing good can come out of any Bitcoin investment where you don't hold your keys.

Banks worked tirelessly to eliminate gold money and the gold standard over the last century. They are not going to allow Bitcoin any traction without putting up one hell of a fight.

[leonair]

For the fact that "bitcoin will be death of wall street and not an instrument" we are already beyond that. Wall street already turned bitcoin into an instrument and people use it like a commodity and investment.

Wall street didn't do it, people who uses it does.

Bitcoin wasn't suppose to be an investment, it supposed to be money itself, however people use it like "put dollars into exchange, buy bitcoin, sell bitcoin, withdraw more dollars from exchange" and since they started using it that way and bitcoin became a topic of "how much dollar it is" instead of "what is the buying power of it" wall street already won.

Printing paper money is unlimited ever since so I think that's the way of being a Bitcoin, when the things in this world that is limited and in demand at the same time, the price appreciation will be inevitable.

Bitcoin will never hurt wall street from now on, there is no way, maybe master card and visa but not the investment companies, they will jump in on this and some of them already did and I am sure most of them hold some bitcoins just in case and that resulted with bitcoin losing that "wall street killer" ideology long ago.

Someone proposes Bitcoin to be deal with the wall street and that someone knew that he/she will make a profit out of it no matter how good or bad it is. We can't tell it as early as of now but good thought.

[eaLiTy]

Hey guys. I'm very active on Quora. There a great many people are predicting tgat cryptos will get bigger soon as Wall Street is working to get invested in cryptos. They all think that once banks bring their massive funds into crypto, that the price will go sky high.

I'm not so optimist. I think Wall Street getting into Bitcoin can only mean bad things. Mainly rehypotecation and paper bitcoin allowing countless people to invest in Bitcoin 'certificates' rather than owning actual Bitcoin.

We need to have institutional investment in bitcoin if we are to see huge numbers like everyone dreams about, i am not sure how they can provide bonds and certificates with bitcoin without owning one, but when it comes to future trading it is true, you do not need to own bitcoin for those kind of trade, you really cannot issue bitcoin or any bonds without any collateral, if they issue bonds in the name of bitcoin they need to have real bitcoin as collateral. Regulation will be coming up in near future so that we will have some clarity regarding those.

[nur rochid]

Hey guys. I'm very active on Quora. There a great many people are predicting tgat cryptos will get bigger soon as Wall Street is working to get invested in cryptos. They all think that once banks bring their massive funds into crypto, that the price will go sky high.

I'm not so optimist. I think Wall Street getting into Bitcoin can only mean bad things. Mainly rehypotecation and paper bitcoin allowing countless people to invest in Bitcoin 'certificates' rather than owning actual Bitcoin.

We need to have institutional investment in bitcoin if we are to see huge numbers like everyone dreams about, i am not sure how they can provide bonds and certificates with bitcoin without owning one, but when it comes to future trading it is true, you do not need to own bitcoin for those kind of trade, you really cannot issue bitcoin or any bonds without any collateral, if they issue bonds in the name of bitcoin they need to have real bitcoin as collateral. Regulation will be coming up in near future so that we will have some clarity regarding those.

of course these institutions need a role from the government to provide rules and policies, so that investors will feel comfortable. luckily in my country there has been a discourse for that, so if done by many countries it will have a good effect

[arpon11]

The market really need funding to recover and if Wall Street will bring in money I think it will be a great developments. Institutional investors need to come into this market and if it is going to be through Wall Street then I think it is for the good of the market.  I know that big investors will like to get greater percentages of bitcoin so there can continue to control the demand and supply of bitcoin and if possible trying to centralized it but the reality is that bitcoin is greater than government,  company or individual to control and as such I welcome the development.

[TheUltraElite]

At first it sounds very great to hear that an institution as large as Wall Street is bringing its investment into Bitcoin, but your analysis of the negative impact gets me worried.

Would be a pretty bullish move then. Unfortunately the majority of these news are overhyped and not coming to real practice. They are there to keep people's spirits alive and make sure they survive the bear market because we are hopeful for the future. Hope is a good thing and something that is lacking in many people.

However lets get the ETF for bitcoin done at least before thinking about wall street. SEC said that its going to happen but nothing clear yet as of when. If this happens before the ETF then the effect could be different. Institutional money from wall street may or may not be interested in bitcoin. I reckon there will be more FUD from nocoiners.