Wall Street Is About To Embrace Crypto,
And It’s Not What You Think!
There is an old saying, “never let a good crisis go to waste.” And true to form, Wall Street is capitalizing on the current chaos within the digital asset space. Many will be surprised, but those who take a minute to review how society has historically absorbed innovations will understand that what’s occurring is quite normal. Blockchain’s time has come, and Wall Street is embracing it. Our narrative starts in the Cold War of the 1950s with the birth of a significant technological advancement — the Internet. And while it has become an integral part of daily life, it was not designed to be the global digital economy’s backbone or to settle financial transactions. The Paperwork Crisis on Wall Street in the 1960s demonstrated these limitations and highlighted
the need for a more modern and efficient trading system.
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July Market Insights by Dr. James Thorne – Wall Street is About to Embrace Crypto
