RE: Wall Street Bets on Crypto
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Great post @melbourneswest.
I think it would be a welcome development, if Black Rock just offer other exchange traded digital currency. But aside that, they've have made the right decision on bitcoin.
So many doubters where close to victory, when the crypto market fell drastically in the past months. But due to the fact that Crypto is here to stay, we've being seeing some good prices lately.
Bitcoin has recovered well, and manage the $30K level properly.
In regards to the last sub-heading
Banks might not do well, in trying to store peoples crypto asset, if they have the plan on operating it in a centralize way.
I can't imagine, storing my digital asset in a bank, and i will be given a limit to what i can withdraw.
But if decentralization is present, then it will definitely favour both parties( crypto space and banks)