CandleFocus How far is Wall Street from fully embracing Bitcoin now that Trump is president?
2024-11-07
Author: Content Editor
The article discusses how Bitcoin is experiencing a significant moment due to various factors such as Donald Trump winning the election, pro-crypto Republicans gaining power, Wall Street skeptics changing their stance, and the success of BlackRock's Bitcoin ETF. The author mentions that Wall Street traditionally dislikes Bitcoin due to its wild nature and the presence of retail investors. However, the introduction of an ETF could increase Wall Street's comfort and legitimacy around Bitcoin. Despite the potential benefits, there are concerns about the toxic relationship between Wall Street and Bitcoin and the impact of Trump's policies on the economy. Overall, the article suggests that Bitcoin may never be independent again.
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