Ethereum's co-founder says Wall Street will pour $ 20 trillion in Crypto

in #crypto6 years ago

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According to Hoskinson, Wall Street is ready to invest "tens of trillions" after "the next wave of regulations."

Several big players are preparing for institutional dollars. Goldman Sachs sponsored announced a stable coin to minimize the volatility of crypto markets and help push the way for Wall Street investors.

Coinbase is developing four new products to unlock "$ 10 billion of institutional investors' money on the sideline."

Nasdaq has partnered with a crypto exchange, including Gemini, which uses its surveillance technology to create more stable trading platforms and respond to the technical requirements of institutional traders, except to report their own concerns about the construction of the CryotiExchange.

Gemini has teamed up with Caspain to connect institutional traders with several exchanges from one interface.

Industry Leader Susquehanna International Group, one of the world's largest investment companies, will open Bitcoin, Bitcoin Cash, and Ethereum for the first group of qualified investors.

And Binance, the world's largest exchange for trading volume, is in talks with the Maltese Stock Exchange, among other governments, to grow the crypto ecosystem by introducing more fiat to crypto pairs.

Several insidious opponents and influents such as Warren Buffett, Jamie Dimon, and Bill Gates question the remaining power of Bitcoin or crypto, calling them stupid investments. Buffett said he was almost certain that the Crypto "would see a bad end."

At present, crypto represents a small fraction of the world's market capitalization of approximately $ 286 billion, while derivatives represent hundreds of trillions of dollars.

Hoskinson left Ethereum in 2014 to launch IOHK, a technology company that creates blockchain and crypto for academic institutions, governments, and companies.

image source - Instagram

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You have me convinced , I am pre-ordering my lambo