WHEN WALL STREET FELL IN LOVE WITH CRYPTOCURRENCY.

[Bitco55]

From the beginning, the adoption of Bitcoin was really low. It was just this weird internet money people used to buy pizza. Then ETF showed up, making the institutions that called it scam use it all the time.

BTC ETF's, within months in 2025, has pulled in billions. Retirement accounts, pension funds & even individuals savings are now touching BTC indirectly. What do you think changed? Wall street never wanted anything to do with private jets, but just as they got ETF tickets, they began to respects BTC.

[Lucius]

~snip~
Wall street never wanted anything to do with private jets, but just as they got ETF tickets, they began to respects BTC.

Don't be under the delusion that WS respects Bitcoin, they only live for profit and that's all that matters to them at the end of the day. The difference between before and now is only about the fact that they have now received the green light to use BTC to extract as much profit as possible using all possible methods at their disposal.

[Ronsbit]

~snip~
Wall street never wanted anything to do with private jets, but just as they got ETF tickets, they began to respects BTC.

Don't be under the delusion that WS respects Bitcoin, they only live for profit and that's all that matters to them at the end of the day. The difference between before and now is only about the fact that they have now received the green light to use BTC to extract as much profit as possible using all possible methods at their disposal.

Then they were like it's a scam, it's a Ponzi scheme and after a while they stylishly map out a frame work to accumulate than they want at all costs because they have seen the value in Bitcoin and wouldn't want to take any chances for granted anymore.

All these wo! Wo!! WO!!! are just noise, they are after their pockets, they want profit as they don't want to be left behind since they have seen institutions raking in profit from Bitcoin. The criticism dropped by all means and now they are in for business.

[retaur]

No doubt they were hoping to keep the price low because they themselves had fomo.

Also I like what the regulators did with Coinbase in a lot of places and just seemed to accept their existence in a lot of countries and retroactively register them (I imagine that was based on providing backwards compliance and openness but still shows how other organisations can adapt and not face immediately insolvency).

I'm not sure the first ETFs were that successful either when compared with the larger players that joined after the first few. Even Grayscale didn't look to be doing too well at one point - I wonder if they've been overtaken by these new ETFs in every metric now.

[Rashlyowl]

From the beginning, they didn't like BTC, but they started to fall in love with BTC when they start to enter & get maximum profits from ETFs, that's the fact. I don't know to say it's good or bad news, because economically, the demand for that asset is increasing & then BTC is getting more trusted by people.

[Joy_learns_crypto]

It’s not about respect for them it is about capitalizing on opportunities and wallet street always capitalize on opportunities even if it was something they never believed in.
Wallet street doesn’t fall in love they do business and no to them bitcoin is a profitable business at the moment.

The wall street is a jungle that doesn’t show no emotions it’s all about profits and ruthlessness, reminds me about the move wolf of Wall Street.

[shinratensei_]

From the beginning, the adoption of Bitcoin was really low. It was just this weird internet money people used to buy pizza. Then ETF showed up, making the institutions that called it scam use it all the time.

BTC ETF's, within months in 2025, has pulled in billions. Retirement accounts, pension funds & even individuals savings are now touching BTC indirectly. What do you think changed? Wall street never wanted anything to do with private jets, but just as they got ETF tickets, they began to respects BTC.

Do they love bitcoin or the profit it generated? that's the question.
The wall street probably won't give two damn if something didn't generate money. So, it's the same thing with bitcoin, they're certainly here for the profit and not for the tech.

Regardless, it's good that bitcoin finally getting recognized by the people who even insulted it in the past. It proves that bitcoin is here to dominate.

[Curious T]

We should be more worried then excited about them. The don't care about bitcoin, they jut want profit and they can do anything including ruining the credibility of the market to get what they want. I understand that they cant do anything to ruin bitcoin itself, but at the same time, aside profit, they won't care any other thing about bitcoin.
The don't care about decentralisaion, privacy, self custody or anything of sort. If for anything they will turn bitcoin away from what it's originally supposed to be. There's nothing wrong in holding bitcoin for profit, but it should be in your ow custody and terms.

[Lucius]

From the beginning, they didn't like BTC, but they started to fall in love with BTC when they start to enter & get maximum profits from ETFs, that's the fact. I don't know to say it's good or bad news, because economically, the demand for that asset is increasing & then BTC is getting more trusted by people.

It's a paradox in a way - because if we think about how long Bitcoin was on the market before the first spot BTC ETFs were approved, now it turns out that the ones who made Satoshi invent BTC are the ones who ensure that people start believing in it. People who were waiting for funds, banks and corrupt politicians to give them a signal that Bitcoin is something good did not deserve to pay anything less than $100k for that same coin.

Those who figured it out before 2017 somehow screwed them all over, and to me that's worth more than the price of BTC being what it is today.

[btc_angela]

From the beginning, the adoption of Bitcoin was really low. It was just this weird internet money people used to buy pizza. Then ETF showed up, making the institutions that called it scam use it all the time.

BTC ETF's, within months in 2025, has pulled in billions. Retirement accounts, pension funds & even individuals savings are now touching BTC indirectly. What do you think changed? Wall street never wanted anything to do with private jets, but just as they got ETF tickets, they began to respects BTC.

It's not respect, it's that they know that they can take advantage of it and make millions or billions. And it did take them a long process, in 2017, they say it's a scam and then in 2021 then slowly see that it has the potential for this entity to attract new customers and retirees with their big pension money .

And now in this version of bull run, everything was laid down perfectly, ETF's, Wall Street covering it and promoting as it if is one the latest discovery in the economic world. But we all know that is not right, they just made a U-turn when everything is ripe for the taking.

[danherbias07]

It's just for money. C'mon.

The true people who respect Bitcoin are the true hodlers. The ones who bought it during dark times and are still holding it now. When FUD and every politician are bashing Bitcoin and trying to bury it, they keep on holding it. And the new investors that really saw how great Bitcoin is.

Those Wall Street guys that you are talking about are just in it for the money. Anything that can create money that was brought to them will be polished and milked.

[Swordsoffreedom]

From the beginning, the adoption of Bitcoin was really low. It was just this weird internet money people used to buy pizza. Then ETF showed up, making the institutions that called it scam use it all the time.

BTC ETF's, within months in 2025, has pulled in billions. Retirement accounts, pension funds & even individuals savings are now touching BTC indirectly. What do you think changed? Wall street never wanted anything to do with private jets, but just as they got ETF tickets, they began to respects BTC.

Do they love bitcoin or the profit it generated? that's the question.
The wall street probably won't give two damn if something didn't generate money. So, it's the same thing with bitcoin, they're certainly here for the profit and not for the tech.

What about us? Do we really love bitcoin technology, do we really care about decentralization, privacy and the core purpose that Satoshi aimed for when creating bitcoin? If we dare to face the truth, we are just like WS. Profit is the top priority, everything else is secondary and is only used as an excuse to cover up our real goals.

Honestly, I'd also love to know how many of us would still be interested in bitcoin if it stopped being profitable. I bet not many people will continue to support and use it even if it is not profitable, but people will never be honest and admit that.

[hyudien]

They are businessmen and ultimately their love for Bitcoin is nothing more than the ultimate goal: profit. Just like us, there's no need to be hypocritical, we also desire that, but there's a difference between us, our predecessors, and them. We and our predecessors struggled from a time when Bitcoin was untrusted, from a price of a few cents to its current achievements. They (WS) are starting to open their arms because of BTC current status; otherwise, they might still be insulting it. Now the question is, should we be happy? After all, their involvement still brings positive energy to Bitcoin stability.

[free-bit.co.in]

What do you think changed? Wall street never wanted anything to do with private jets, but just as they got ETF tickets, they began to respects BTC.

Do they respect bitcoin? I don't think so. If they respect bitcoin, they should use it for its original purpose, or at least they should respect its philosophy, which is decentralized nature. But look what they are doing with bitcoin, they provide centralized services related to bitcoin and encourage people to invest through their centralized services.

It is clear that they do not respect bitcoin and it can be said that the profit potential of bitcoin has changed them.

[M47AK16]

From the beginning, they didn't like BTC, but they started to fall in love with BTC when they start to enter & get maximum profits from ETFs, that's the fact. I don't know to say it's good or bad news, because economically, the demand for that asset is increasing & then BTC is getting more trusted by people.

That sounds familiar. I'm sure a lot of us can relate with that but are we sure that they are truly in love? Because other users said that they are only doing a business here. Even so, I think this is still a good news, for the last thing that you said there.

It’s not about respect for them it is about capitalizing on opportunities and wallet street always capitalize on opportunities even if it was something they never believed in.
Wallet street doesn’t fall in love they do business and no to them bitcoin is a profitable business at the moment.

Even though they have personal endeavours, I think the respect is still there because they finally adopted Bitcoin. They may not believe on it before because BTC is still new but not anymore, as BTC is already proven and tested by the many. By the way, Wallet Street is not the same as the Wall Street, lol.

The wall street is a jungle that doesn’t show no emotions it’s all about profits and ruthlessness, reminds me about the move wolf of Wall Street.

In many things like on gambling, business, BTC investing, trading etc... , that is also what is taught to us that we should control our emotions because it is something that can screw us if we don't.

[Lucius]

~snip~
It is clear that they do not respect bitcoin and it can be said that the profit potential of bitcoin has changed them.

There are few who generally appreciate Bitcoin for its core idea, and we cannot escape that truth even on this forum. If all active members of this forum were to honestly answer the question "have you ever used Bitcoin as a currency and bought/paid for something?", I think more than 50% would answer negatively. Most of them justify themselves by saying that there are actually no physical stores in their country that would accept BTC, but there are thousands of them online.

Therefore, it doesn't make much sense to blame WS for treating BTC the way it treats it, given that the majority of ordinary people who invest in BTC have the same attitude.

[retreat]

What do you think changed? Wall street never wanted anything to do with private jets, but just as they got ETF tickets, they began to respects BTC.

What has changed is their view of Bitcoin. They see it as a new source of money. They don't care who Satoshi is, what Blockchain is, etc. All they care about is how they can make money from Bitcoin without actually having to empower it. That's why they launched an ETF, which they say makes investing in Bitcoin easier, more accessible, and safer. when in reality it's just a ploy on their part. They consider it merely a speculative instrument for profit, they don't truly respect Bitcoin.

[AVE5]

From the beginning, the adoption of Bitcoin was really low. It was just this weird internet money people used to buy pizza. Then ETF showed up, making the institutions that called it scam use it all the time.

BTC ETF's, within months in 2025, has pulled in billions. Retirement accounts, pension funds & even individuals savings are now touching BTC indirectly. What do you think changed?

Bitcoin is an innovated financial technology that's decentlized (ungovernable). And in the early age when it was introduced, it wasn't so attractive to invest on because it was then valueless.
And after Laszlo traded 10,000 bitcoins for bitcoin 2 pizzas was when the real value of the commodity begin to gain attraction and as a limited supply commodity which value is tied on demands and supplies and as it adoption rate expands and so on it price value increases is the more it gains global attractions which even the skeptics and the haters begin to find it valuable in the real time world which proves it use cases on how it could can be used to make payments and also the potential to holds values. Then ETF which I believe are industrious institutions saw the potentials and moved towards adoption it and so also every individuals who understands it true concept also follows adoption suit.

[aoluain]

Well my take on it is that there was a light bulb 💡 moment when Michael Saylor
used the "melting ice block in the back garden" analogy, comparing FIAT to Bitcoin.
Those early days from 2020 on really got "wall street" thinking.

So I think they fell in love before the spot ETF's kicked off and probably helped lobby
for them and they havent looked back. But as others have said its just a profit generating
tool for them. Maybe there are some traditional investors who really see the benefit
long term to Bitcoin but are happy to go the ETF route rather than self custody.