BTC and Wall Street: From Opposition to Embrace?

In the past decade, the relationship between BTC and Wall Street can be described as 'from enemies to partners'. Early on, Wall Street's attitude towards Bitcoin was one of derision, considering it nothing more than a speculative bubble, with some even shouting 'zero value'. But what about now? JPMorgan, Goldman Sachs, and BlackRock are quietly increasing their holdings, and ETFs have directly upgraded BTC from a 'retail toy' to a part of Wall Street's asset allocation.

Recently, BTC surged to $124,000, although it quickly retraced, the power of Wall Street behind this wave of market activity cannot be ignored. The daily trading volume of spot ETFs has repeatedly surpassed that of gold ETFs. It is clear that Wall Street has recognized BTC's unique position as 'digital gold + anti-inflation asset'.

What truly deserves attention next is the expectation of interest rate cuts by the Federal Reserve combined with the incremental funds from Wall Street institutions—if a resonance is formed, BTC may welcome the largest institutional bull market in history. Ten years ago, no one would have believed that BTC would stand alongside Wall Street; now, they are already in the same boat.

#BTC #WallStreet #InstitutionalBullMarket