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Author: Anthony Pompliano, founder of Professional Capital Management; compiled by: AIMan@Bitchain Vision
BTC and cryptocurrency fans are occupying Wall Street.
Here are the headlines from the past 24 hours:
1. Coinbase joins the S&P 500 index
2. David Bailey founded Nakamoto, a Bitcoin reserve company that raised more than $700 million in funding
3. DeFi Technologies starts trading on Nasdaq
4. Microstrategy purchased 13,390 Bitcoins
5. Metaplanet purchased 1,241 Bitcoins
6. American Bitcoin Mining announces cooperation with Gryphon Digital Mining for reverse acquisition listing (RTO)
This list is not exhaustive, but it highlights how fast the traditional financial community embraces digital assets.It makes sense to think that Wall Street investors and companies are always looking for new eye-catching toys.
Bitcoin and cryptocurrencies bring more customers, more assets, more revenue and more profits.Wall Street favors all four.As we continue to see traditional players with forward-thinking profits from this emerging industry, we should be able to predict that there will be a huge following who desire to replicate such success.
There will be more Bitcoin reserve companies.There will be more IPOs, SPACs and RTOs.There will be hedge funds buying ETFs or looking for the next asymmetric bet opportunity in the field.In addition, a large number of private companies are preparing to enter the open market.
Cryptocurrencies are attacking Wall Street.
But this is not so much a story of Wall Street subverted, but rather a story of the growth of Bitcoin and cryptocurrencies.Guess who is making money through reverse acquisition listing (RTO)?Wall Street Bank.Guess who is making money every time Strategy buys more bitcoins and makes its stock price rise?Wall Street hedge funds.Guess who is making money when Coinbase enters the S&P?Wall Street Asset Management and Index Fund Investors.
That’s the truth – Wall Street is not a fool.They foresaw the arrival of this wave and were ready to make sure they could make a profit from it.BlackRock and Fidelity own two of the largest Bitcoin ETFs.This is no accident.
So every time I see a news title like yesterday, I can’t help laughing.As Bitcoin and cryptocurrencies grow, almost all market participants, whether upstarts or challengers, are making money.There are still some fools who are shorting this kind of asset now, but they usually can’t hold on for long.In this case, the only real loser is those who choose to stand by and watch the revolution.
They stood by and watched as those smart enough to understand the new technology created trillions of dollars of value.This is exactly how this system works.Those who dare to take risks deserve rewards.
The beauty of it is that anyone can participate.You don’t need to be rich, have high education, or have a family.You only need to have an internet connection and a little personal initiative to act.
What a wonderful time to live!Our decentralized Bitcoin community is climbing slowly but steadily, occupying a supreme position in finance and society.We are among the S&P 500.We are absorbing capital.We even entered the White House.
Satoshi Nakamoto will be very proud.Imagine what we will do in the next 15 years…
