Big Guns of Wall Street Jumping on the Bitcoin Bandwagon – What's the Catch?"
In a notable development, some of America's largest investment groups – including Citadel, Charles Schwab, and Fidelity Digital Assets – are set to launch a #Bitcoin exchange this week. A clear signal that the old money, the titans of Wall Street, are finally entering the crypto battlefields with strategic maneuvers.
The second part of their grand scheme seems to revolve around supporting a compliant "Silicon Valley Bank", a crypto-friendly financial institution.
And it's not just the West; China's four major asset management entities are also establishing their foothold in the crypto space. It seems we're witnessing a head-to-head race between East and West in the rapidly expanding universe of cryptocurrencies.
