The article discusses how Wall Street elites, including Ivy League graduates and high-powered financiers, originally faced doubts and criticism when they left their secure jobs to enter the unpredictable world of blockchain and cryptocurrencies. However, the recent surge in Bitcoin prices, reaching $100,000, has validated their risky career choices. Many of these individuals have found success in the crypto industry, with some working for blockchain startups or established companies like Gemini and Grayscale Investments. The rally in Bitcoin has also attracted institutional capital from giants like BlackRock and Fidelity. The article emphasizes that while Wall Street is now showing interest in crypto, the core ethos of Bitcoin and decentralized finance clashes with the profit-driven nature of traditional finance. Despite this, the financial returns and potential opportunities in the crypto industry have led Wall Street to find ways to capitalize on Bitcoin, although they may not fully embrace its revolutionary principles.



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