Strike CEO: Wall Street's involvement will not pose a threat to Bitcoin

Strike CEO Jack Mallers stated in the What Bitcoin Did podcast that Wall Street's increasing involvement in Bitcoin will not pose a threat or conflict to Bitcoin itself.

He pointed out that if Wall Street's intervention could destroy Bitcoin, then Bitcoin would not have been able to succeed from the very beginning. The vision of Bitcoin is to become the currency for all humanity, which means its user base encompasses everyone. Currently, Bitcoin is competing for global capital, and as Bitcoin becomes monetized, assets such as real estate, art, and government debt will face demonetization. In addition, traditional financial institutions are accelerating their capture of crypto platform customers, with Morgan Stanley launching a cryptocurrency trading pilot on the E*Trade platform, charging retail fees lower than mainstream platforms like Coinbase and Robinhood.