Is Wall Street really interested in Bitcoin?

[Twinkledoe]

The wolves of wallstreet do not leave anything that makes profits out of attention.
I think that they have of course notices bitcoin as there is a high opportunity to make profits. And the companies and the employees of wallstreet count their success on the rates of profit that they do.

This is exactly what I was thinking when I first heard about this corporation starting to get into the cryptosphere.
Have you seen those commercials they are running during primetime shows? It makes it look like a marketing ploy just so to get the attention of the stock brokers and gold holder outthere into using cryptocurrency instead.
They will just make it harder for the normal people who are working blue collar 9 to 5 jobs to obtain bitcoin with the price becoming unattainable to buy.

Money is always the bottomline in the wallstreet. So do we really believe that they pass this opportunity for themselves? For all we know, they might be silently accumulating bitcoin for the last few years already. And been an active crypto traders for themselves. But no issues at all with that from my opinion. This will help the sustainable growth of bitcoin in the coming years.

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[uneng]

Of course they are interested in bitcoin, it's an opportunity to earn more money. There are many investment funds adopting bitcoin as investment and I'm sure they aren't thinking only on short run. Some of the biggest benefited by bitcoin success are the wall street businessmen.
Even if you don't like wall street wolves and think they are greedy, their adoption is a good signal for bitcoin, these guys know where they put their money.

[Johnzky]

regardless of fomo or not, in fact.... i am check in local market, BTC conditions related stabil and or up though slowly.
i think local investor (in my country) trying to check conditions about BTC by invested at least hundreds dollars.

And my analitic, BTC will go up although not like 2017.

Obviously while you are typing your post Bitcoin is already pumping so what is the Analytic ideas there?you have just predicted things tha has already started to happen.Bitcoin will always be for pumping the only problem is the timing that we must get for us to profit good

Not sure whether the wall street is behind it, but everyone in the financial industry know the profits that investing in bitcoin can make and they all saw the rally in 2017 and in the past and now everyone is aware of the frequency in which the rally occurs and now the institutional investors will be ready to take advantage of the next rally and it will be one hell of a ride.

Yeah either the wallsteet is involved or not but what we want is growth things that we’re getting already for more than a month now

[Anonylz]

Yeah this whales we refer to all the time that has such influence on the overall market can't just be individual whales obviously they are institutional whales controlling the market, take what happened few days back as example, whether it's wall street or other institutions, fact remains there are big players manipulating the market, in the end it is all about making profit, it is what drive individuals or institutions.

[aad140386]

So far it is difficult to say exactly what it was. A well-planned manipulation or large players will actually have an interest in cryptocurrencies. I think that it was before, just when there was a purchase and recruitment of positions by large players, no one advertised it so as not to move the price up and buy at the lowest price. Now such news is pushing prices up and maybe it's just the bull market time, where any positive news is pushing the market upwards.

[pushups44]

The bitcoin supply is such that just a few big players could have a big impact. Grayscale and Xapo both hold significant amounts of bitcoin, and after the halving will take up a large percentage of the newly minted coins. Also, Bakkt and Fidelity will also accumulate, and probably there are other institutions accumulating behind the scenes.

I would say the institutions are finally getting in, and the pace of this involvement will continue growing.

[Caladonian]

Of course they are interested in bitcoin, it's an opportunity to earn more money. There are many investment funds adopting bitcoin as investment and I'm sure they aren't thinking only on short run. Some of the biggest benefited by bitcoin success are the wall street businessmen.
Even if you don't like wall street wolves and think they are greedy, their adoption is a good signal for bitcoin, these guys know where they put their money.

With them around, the potential of becoming more bigger in terms of value will  definitely possible, whales against bigger whales will results to good outcome of this market, it's gladly to know that interests and participations will be near to reality.

Wall Street is a business venue that will cater anything about potentials, it's needs some time but it will happen.

[Baofeng]

Of course, what do you expect from Wall Street, they might have been in the market during the bearish trend in 2018, so definitely they are in this market to make money out of it. And for those Wall Street that says that they are not interested on bitcoin because of blah, blah, blah, they are not telling the truth. Whales, sharks, greedy people from Wall Street have been playing with us, they even change some of the rules in this market, believed me. 

[Slow death]

your post is very strange, the title makes this unnecessary question: " Is Wall Street really interested in Bitcoin? " because in the news already shows that Wall Street is already in the crypto world.

another point about this:

According to a Wednesday (May 29, 2019) tweet from Bitcoin analyst Rhythm, Grayscale bought more than 11,000 BTC in April 2019. With 54,000 BTC being mined per month, the largest cryptocurrency asset manager is buying up about 21 percent of the Bitcoin monthly supply.

I think the correct word is "bought".

[IPVPIRL]

They had a big party on Wall Street on CMA futures first day  in 2017. Next month they all went short.

[Payme21]

Who wouldn't be interested in Bitcoin now. Everyone knows that crypto is the future and Bitcoin is the postal boy there so expect more positive news in that direction

[Kemarit]

Of course, what do you expect from Wall Street, they might have been in the market during the bearish trend in 2018, so definitely they are in this market to make money out of it. And for those Wall Street that says that they are not interested on bitcoin because of blah, blah, blah, they are not telling the truth. Whales, sharks, greedy people from Wall Street have been playing with us, they even change some of the rules in this market, believed me. 

Right, Jamie Dimon is one classic example, WTF!- JP Morgan Chase Buys 9000+ Bitcoins after Jamie Dimon threatens to fire any employee that owns it. CME and CBoE entering the picture is also a clear indication that they don't want to miss making huge money in this market. And then we have the Bakkt Bitcoin future contracts offering, those guys are smart, they know that they can easily manipulate the price of the market and that is where these guys are good at.

[sgenuine]

It could be possible if Wall Street interested in bitcoin because I am sure they already watch the bitcoin movement so far and I am sure that they are learning more about bitcoin.
And if right now they are want to invest in bitcoin, then that will be good news for cryptocurrency world because that means, we have a large new investor that will come to cryptocurrency, and I am sure that they will not invest in bitcoin only, but they will also invest in an altcoin.
That will gives a good way for the adoption so it will happen soon and cryptocurrency will grow bigger.

I even think that Wall Street is investing silently in bitcoin because the value of bitcoin is really being recognized by many people, Wall Street is the place where so many traders and investors are concentrated, there is no reason why they don't know bitcoin and don't care about it. But their interest is always in a secret state, they never make this public to others because the problems surrounding bitcoin are always very special and sensitive, if they officially confirm the investment and buy bitcoin, many problems can occur.

Statistically, over 11-12% of usual Americans own Bitcoin. This cryptocurrency is too popular in the USA. It is evident that many guys from Wall Street have BTC and probably, they even trade actively.

[BitHodler]

They had a big party on Wall Street on CMA futures first day  in 2017. Next month they all went short.

Most rational investors and traders outside CME did the same thing. People blamed the CME for dragging the price down but it was just the bubble that popped. It also happened before when there weren't even futures.

The interesting part however is the timing. Bitcoin has always been an extremely poor performer in the first couple of months of each year (look up the charts and you'll see what I mean), so they may have launched intentionally in December of 2017.

If you also add that people bought the rumor and would very likely sell the news, then you know that the odds of a correction to happen were extremely high. Poor people who bought the $20k peak.

[IPVPIRL]

They had a big party on Wall Street on CMA futures first day  in 2017. Next month they all went short.

Most rational investors and traders outside CME did the same thing. People blamed the CME for dragging the price down but it was just the bubble that popped. It also happened before when there weren't even futures.

The interesting part however is the timing. Bitcoin has always been an extremely poor performer in the first couple of months of each year (look up the charts and you'll see what I mean), so they may have launched intentionally in December of 2017.

If you also add that people bought the rumor and would very likely sell the news, then you know that the odds of a correction to happen were extremely high. Poor people who bought the $20k peak.

So you agree that CME futures had a part to play in all this or not? I don't quite understand from this answer. I didn't say it was the main reason although usually when futures land on any market, this is already a bubble ready to pop. So I guess your point is logically correct, if I fully understand it. I have been looking the charts for several hours, every day, for more than 3 years. Although I don't see how December as a month has something to do with price or charting. I've seen trends happening in certain months for a certain reason but I don't see a December case. If you go back to 2011-12 it invalidades this. You need way more than two-three years to make this claim. What you are talking happened only in 2013 and 2017. Perhaps it will happen in 2021 again and next bubble will pop Jan 2022. This wouldn't prove a case either.

[Zemomtum]

Wall street are indeed interested in Bitcoin. Most Institutional are secretly buying Bitcoin as a store of value and gradually the adoption is getting closer than imagined. This current momentum will continue swing upward as all eyes are on Bitcoin and Bitcoin alone.

[dXa#8003]

Of course yes, Wall Street is interested in anything that can make them profit, usually without hard feelings for those involved, all they care is numbers.

So moving on, this kind of news, I don't think are helping us in crypto world

[umbara ardian]

if this is true then this is great news for bitcoin and Hopefully this is not only fomo, whose purpose is only to increase the price of bitcoin

They want to make money, what ever they did to get it fast and to make big profit
Crypto on market still have people can handle it want they want and nothing possible price increase by one people.

[7788bitcoin]

I doubt this is good news. Them holding a ton of bitcoins isnt necessarily good. Imagine the amount of manipulation they can achieve with such a huge amount of bitcoins.

Bitcoin as a form of investment will attract many financial institutions to invest in it and there is nothing you can do about it, it is a free market and anyone can invest and there will be manipulation if someone is holding a huge amount of coins and if you look at the stock market there are rules and regulations in place when it comes to market manipulation and there are set rules to counter that and we might expect these kind of rules in the bitcoin market too in the future, will it stop the entire market manipulation, it is highly unlikely as there is still manipulation from institutions in the stock market even with all these regulations but it will restrict these things.

[Searing]

It is a 'chicken and egg' problem. Relatives and others that are more well off for me say they will 'likely' invest in Bitcoin and Crypto WHEN they can do so through

there financial advisors that they have do their planning (the 1% Gold hedge etc). Folks with actual Portfolios in the hundreds of thousands of $$$ or beyond.

Telling them that by that time they would have 'missed the boat' and it is easier to just get some knowledge and armed with a BTC wallet etc via Coinbase as an example seems to fall

on deaf ears.

That is until they complain, that they should have gotten into BTC 3-4 years ago. Then again 3 years ago, I heard the same complaint then. Rinse/Wash/Repeat.

So the chicken and the egg issue is such folk with deep pockets will ONLY at this point (in my experience) get into BTC and Crypto, when say the ETF comes out for Bitcoin and Crypto.

Then, they, maybe, will buy BTC/Crypto on their 'financial advisors' say so as 'safe' (or safer..unsure of the logic...what I hear)

But unless the masses and these people DO actually buy some before the ETF, well stuff lags on ever getting the ETF through..with the ETF certifiers of Gov't saying that

the crypto and BTC is not 'mature enough' I should clarify, I'm using the ETF as an example of what these folk are using as a signpost right or wrong to jump into Crypto and BTC.

Perhaps, none of this matters much, and it is all a matter of 'speed' of eventual adoption.

But man, it is discouraging, when all they really have to do is their own research, get on Coinbase, (overpriced though it may be) and simply get in before,

rather than complain about 'being too late' on the whole crypto universe so they state. Or the fear that without an ETF or other 'rubber stamp' by their Governments it is too risky.

But I've become convinced, right or wrong when the ETF on Bitcoin comes down the pike, the FOMO will be intense. I mean OVER THE TOP intense! So I'm conflicted on ETF's as well.

Maybe this is why the 'powers that be' with traditional investment linkage via the Gov'ts are dragging their feet on ETF adoption. The mass exodus to Crypto/BTC could be staggering.

Pretty muddied. But then again, it is silly hearing the 'same song' of "You were lucky and I'm too late to

get into crypto and BTC" or "I'll only get into Crytpo and BTC when/if this 'decentralized' currency has the stamp of Gov't approval with an ETF or something equivalent"

Silly, hairless primates, that are humans seem never to change their group-think and if you are the outsider showing change...toss 'poo' at them.

Same reactions. Plus or Minus say 50,000 years. At least we are predictable.

End of Rant...

later

Brad