Summary
- The 21 Capital CEO reported that there is very strong institutional demand for Bitcoin on Wall Street.
- He stated that interest and demand for virtual assets are expanding within traditional financial circles.
- Major banks, including JPMorgan, BoA, and Citibank, are reportedly developing virtual asset-related products.
Wall Street's interest in Bitcoin (BTC) appears to be heating up.
On the 31st (local time), according to Bitcoin Magazine, Jack Mallers, CEO of the US investment firm 21 Capital, stated, "There is extremely high institutional demand and interest at the capital markets level for Bitcoin on Wall Street."
This remark indicates that demand for virtual assets (cryptocurrencies) is expanding within traditional financial circles. In fact, JPMorgan has recently revealed that it will consider offering crypto-collateralized loan services. Other major banks, including BoA and Citibank, are also reportedly developing products related to stablecoins.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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