‘Wall Street’ Doesn’t Need Bitcoin; Bitcoin Doesn’t Need ‘Wall Street’


But before that, I need to level for clarity’s sake (and to get something off my chest): There’s an inherent ideal in Bitcoin that claims the existence of bitcoin will make all financial institutions obsolete. The idea is that the decentralized, peer-to-peer, outside money that is bitcoin will make all banks, asset managers, trading desks, brokerages, central banks, money managers and corporate lenders disappear. I don’t subscribe to that idea whatsoever.

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