Wall Street is too slow in adopting Bitcoin and crypto, in my humble opinion.
Bitcoin and other cryptocurrencies are the future of fin-tech, even the present and basically all of finance in the future will be fin-tech.
Yes, Wall Street investment banks are offering Bitcoin future, but did not start underwriting Initial Coin Offerings and were too slow to embrace the concept.
Yes, crypto is too illiquid for the liking of the big institutional investors like asset managers, hedge funds and pension funds and ultra rich individuals which are the typical clients of Wall Street investment banks.
This highbrow approach, of "We, Wall Street and our clients are the biggest, greatest and invincible" could lead to large market share and market capitalisation, value that is losses.
At least that is how I see it.
Cases in point are Blackberry, Kodak, Nokia smartphones, etc.
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