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Author Topic: Is Wall Street really interested in Bitcoin?  (Read 11607 times)
oseikuf44
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June 12, 2019, 04:16:44 PM
 #61

Why not? If there is a bull run and their analysis proof them to invest in crypto and make supernormal profit in a short run, then probably they will. But is not professional for them to tell the whole world that they are backing bitcoins. Intrinsically most fund managers invest in bitcoins.
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June 12, 2019, 10:12:26 PM
 #62

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. Undecided

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.
I do think this company greyscale has been doing it for years now just not under the same umbrella corporation but doing over the counter orders so to cover their tracks if anyone comes looking to see where all the bitcoin holding came from. Embarrassed
And yes completely agree with you as it is probably helping keep the price above the level it is at now with all the accumulation they have been doing since they have officially announcing to the public via the recent media publications.

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June 12, 2019, 11:11:48 PM
 #63

The interest is there as far as I know but the fact is that the rise of these many ICO/IEO has damaged the good name of bitcoin. These guys invest in shitty projects and when they are scammed, they say bitcoin is a scam or fake coin Cheesy.
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June 12, 2019, 11:16:04 PM
 #64

Wall Street is only about making more money and making more wealth. They are greedy financial analysts and they don't give attention to the digital money due to small market cap. After reaching the determined level it will attract higher level traders from Wall Street in my opinion.

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June 12, 2019, 11:48:11 PM
 #65

I do not like this type of news at all, because this action is a clear sign that speculative bubbles can be repeated again and again in this fragile market, because the old ideal of using bitcoin as a substitute for money fiat has been left far behind, to become almost exclusively an instrument of speculative investment, with very little use in the real economy.

Of course, this massive accumulation of bitcoins paints an ideal scenario for a new hike where only the great whales will benefit, by manipulating the price of bitcoin at convenience thanks to the large number of bitcoins they hold.

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June 22, 2019, 12:23:59 AM
 #66

If you properly check and observe is only bitcoin that is skyrocketing more than any coin. I think someone is really behind it. If what you stated here is correct fact. He is brain behind it and he has plans towards the price of bitcoin
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June 22, 2019, 12:43:02 AM
 #67

True, the sheer adoption of bitoin makes Bitcoin prices significantly increased. And I am sure can equip the new ATH.

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