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Exploring the growing embrace of Bitcoin/Crypto by Wall Street and Politicians, SEC's approval of Bitcoin ETF, PropyKeys revolutionizing home addresses on blockchain, Pomp's daily letter to investors, and the future of crypto industry collaborations
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- Wall Street sees cryptocurrencies as revenue opportunities post Bitcoin ETF approval.
- Politicians support cryptocurrencies aligning with principles of freedom and potential financial gain.
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Evolution of Wall Street's Stance on Cryptocurrencies
Initially, major financial institutions were wary of cryptocurrencies like Bitcoin, perceiving them as a threat to their established centralized systems. However, as the market grew and gained substantial value, executives had to take notice. They shifted their perspective from viewing cryptocurrencies as a disruptor to seeing them as an opportunity for revenue generation and customer attraction. With the approval of the Bitcoin ETF by the SEC, Wall Street welcomed cryptocurrencies, leading to significant investments in ETFs and a shift towards embracing the assets as a new avenue for growth.
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