Web3 in Wall Street: The Era of Institutional Crypto Adoption
Too Long; Didn't Read Institutional adoption of cryptocurrencies is on the rise, with Fortune 500 companies, hedge funds, family offices, and even publicly traded giants like Microstrategy and Tesla entering the space. This article delves into key trends, such as increasing allocations to Bitcoin and altcoins, growing interest in DeFi, and explorations into NFT collections. However, regulatory uncertainty and crypto custody remain significant hurdles. The spotlight is on BlackRock's Bitcoin ETF application, which could reshape the crypto landscape. Whether the SEC approves it or not will significantly impact the future of crypto adoption, given BlackRock's massive influence in the financial world.