Bitcoin’s $25 billion legacy exodus secretly cemented Wall Street’s grip on liquidity within 2 years
Bitcoin’s $25 billion legacy exodus secretly cemented Wall Street’s grip on liquidity within 2 years
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Over the past two years, Bitcoin has significantly integrated into traditional finance, achieving a place in the 'tradfi default menu'. This shift, particularly through brokerages and retirement accounts, has seen Wall Street consolidate its influence over Bitcoin's liquidity, despite existing direct exchange access for many users.
Two years ago, Bitcoin gained something it had chased for a long time: a place in the tradfi default menu. Plenty of people could get exposure to Bitcoin in 2023, as anyone with an exchange account and a tolerance for operational risk could click “buy.” Yet most capital in the US moves through brokerages, retirement […]