There are many theories that attempt to make sense of the Bitcoin manna. But from what I’ve seen in the media, and on Twitter, the most common explanation boils down to this: it sounds logical but it’s not quite true. I spoke with JP Morgan and one of the world’s leading crypto analysis companies, Chainalysis. And it turns out that Wall Street is in Bitcoin as a store of value. In fact, “real money” – as JP Morgan calls it – has yet to buy a single Bitcoin. (To clarify, this story does not in any way seek to destroy Bitcoin. It is intended to clarify Wall Street’s involvement in Bitcoin and help you make better investment decisions. Position in Bitcoin.)
- According to Forbes “Busted Myth: Wall Street does not invest in Bitcoin”.
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