Is Wall Street Bitcoin’s Biggest Risk?

Bitcoin’s poten­tial is immense — an inde­pen­dent glob­al reserve asset, the foun­da­tion of a more eth­i­cal finan­cial sys­tem, uncor­rupt­ed by cen­tral­ized finan­cial overlords. 

But what is the risk that bit­coin could become co-opt­ed and cor­rupt­ed by those cen­tral­ized finan­cial over­lords? What if bit­coin los­es its inde­pen­dence? What if bit­coin mere­ly becomes anoth­er spec­u­la­tive Wall Street plaything? 

TLDR: Wall Street’s grow­ing impor­tance is unavoid­able as bit­coin goes main­stream, but cor­re­la­tions will not rise indef­i­nite­ly and bitcoin’s inde­pen­dence remains in the hands of every­day users like me and you.