Why did Wall Street buy Bitcoin?
In a previous article, it was discussed that Wall Street controlling Bitcoin would push the price up. At that time, few people believed it; most thought Wall Street wouldn't be the high-level buyers. In fact, they had already prepared for this, and their large-scale investments can be traced back to after 2017.
1. Protection against the dollar system: Anything that poses a risk to the dollar system, both in the past and present, will be absorbed or destroyed in one fell swoop. The best way to kill cryptocurrency is to absorb it.
2. Becoming architects of the blockchain financial system: Whoever pioneers a new financial system will become the navigator of the future financial system. The future will face many opportunities and risks, with the biggest opportunity being to become a part of an emerging financial system.
3. I have always emphasized that compared to Bitcoin, Wall Street loves altcoins more. Everything they are currently doing is in the architecture and exploration of a new financial management system. From the current market, we can also see their information on altcoin investments, which represent long-term layouts and market explorations for capital. The real timing for altcoins to carry funds may occur within the next 10 years.
However, what everyone can believe is that Bitcoin's market share will increasingly decline in the future. More and more traditional giants will join the technological coin industry for speculation. The current timing may not be mature enough, but once there are successful technical cases, a powerful influx of funds into the altcoin sector will occur, with the scale of funds far exceeding the current market size.
As the timeline for regulatory clarity approaches, it may cause a shock to the market. In the long term, after the completion of regulation, the market will become a new battleground between governments. Naturally, their competition will bring in a large amount of funds and foundational theoretical support, and technological coins will also attract a significant amount of government-led market funds as regulation improves.
In the past decade, Bitcoin has been the fastest-growing currency in the blockchain field. With the improvement of regulations approaching, the next 20 years will become a golden 20 years for government-led funding in promoting the theoretical application of blockchain technology.
If one day you see Bitcoin's market share drop below 30% of the cryptocurrency market, don’t be surprised; everything today is aimed at popularizing blockchain applications!