Wall Street is quietly reshaping Bitcoin.
Interesting note from Bloomberg concerning the coming domestication of Bitcoin: “Wall Street is seizing control of Bitcoin’s center of gravity. Once ruled by offshore venues and retail-driven fervor, the world’s largest cryptocurrency is now increasingly priced and steered from within the US financial system. Through a fast-growing market in exchange-listed options tied to exchange-traded funds and indexes, retail and increasingly institutional players are redefining how Bitcoin trades—from tactical hedges to volatility strategies—all without touching the underlying asset. What began as a subversive experiment for crypto natives is being retooled for the playbook of traditional finance.”
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