Strike CEO: Wall Street no go break Bitcoin as dem spot ETF inflows dey rise
Strike CEO Jack Mallers talk sey Wall Street wey dey show more presence no go break Bitcoin. E yan sey dem build Bitcoin as "money for everyone", so make institution wey dey enter no mean say dem fit spoil BTC core value.
Recent developments dey support this mata. Morgan Stanley reportedly start crypto trading pilot for hin E*Trade platform, dem dey charge about 50 basis points per crypto transaction—lower pass some big US crypto and brokerage retail fees. For traders, this mean say traditional finance dey deepen access, fit help liquidity and demand.
For demand side, article mention US spot Bitcoin ETFs wey launch for January 2024. For 11 funds, dem record roughly $59–$60B net inflows (per Farside data wey the piece talk about). If ETF buying continue, e fit keep flows constructive and support BTC relative strength.
But some Bitcoiners no gree. Venture capitalist Nic Carter warn sey concentrated institutional ownership fit create "influence risk" no be code risk. E talk sey big holders fit pressure or replace developers if worries like possible quantum-computing threat remain unresolved.
BTC dey around $80,339. Overall, the story show sey Bitcoin fit resist institutions, but e still raise governance and custody/ownership concentration risks wey traders suppose watch together with ETF flow momentum.
Bullish
Dis news dem frame as say e dey support BTC short-term flow dynamics: US spot Bitcoin ETFs dey still attract plenti net inflows (~$59–$60B across 11 funds), wey normally make demand show well and fit support price action.
The Morgan Stanley/E*Trade pilot too dey signal say distribution to mainstream dey increase small. Even though dis one no be immediate "buy" catalyst by itself, lower stated retail-equivalent transaction fees and rollout of institutional products fit improve accessibility, help liquidity, and reduce friction—things traders dem usually interpret as bullish for BTC.
That said, di article dey flag governance and concentration risks (institutional influence risk, possible pressure on developers). Dem risks likely go affect long-term sentiment or volatility pass to completely cancel the currently positive ETF-flow backdrop. So, the expected price impact on BTC na net bullish, but make una dey monitor any sudden ETF flow reversals or concentration-driven headlines.