Wall Street giants turn to Bitcoin and crypto
Cryptocurrencies after they caught the attention of hedge fund giants, including Alan Howard and Paul Tudor Jones; It continued, attracting the attention of more companies such as Mastercard and the Bank of New York Mellon. This week alone, Tesla, the leading electricity producer, bought Bitcoin with an investment of $ 1.5 billion. It also plans to start accepting cryptocurrency as payment.
Many of the industry's skeptics focus on Bitcoin's unpredictable price fluctuations and the difficulty of access. But loyal followers felt they were right in their investment this year. As we reported as Kriptokoin.com, billions of dollars are flowing into the cryptocurrency through tools including Grayscale Bitcoin Trust.
Even institutional investors, who were banned from directly holding Bitcoin by the rules of their funds, turned to such trusts. For Wall Street firms, the inability to offer Bitcoin to these customers increases the risk of losing them to other executives.
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