Home Cryptocurrency “Wall Street” doesn’t need Bitcoin; Bitcoin Doesn’t Need “Wall Street”

“Wall Street” doesn’t need Bitcoin; Bitcoin Doesn’t Need “Wall Street”

by SuperiorInvest

But before that, for the sake of clarity (and to get something off my chest), I need to set the record straight: There is an inherent ideal in Bitcoin that claims that the existence of Bitcoin will render all financial institutions obsolete. The idea is that decentralized, peer-to-peer, foreign money which is bitcoins it causes all banks, asset managers, trading departments, brokerage firms, central banks, money managers and corporate lenders to disappear. I do not subscribe to this idea at all.

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