Wall Street and Major Financial Institutions Wait to Go All-In on Crypto, Says Bitcoin Bull Anthony Pompliano

Well-known Bitcoin (BTC) bull Anthony Pompliano says that multiple sources claim that Wall Street investors and larger financial institutions plan to invest heavily in cryptocurrencies.

Pompliano tells his 436,000 Youtube subscribers that financial institutions are already devoting a lot of resources to the crypto space with an eye to the future.

“Regardless of what happens to the price in the short term, one thing is for sure. The big financial institutions are here. They are building teams internally and betting everything on Bitcoin and cryptocurrencies. That might not help the price in the short term. But that tells me that over a long period of time, this industry is going nowhere.”

Pompliano, co-founder and partner at Morgan Creek Digital, the digital asset arm of investment firm Morgan Creek Capital, says a rush of investment from financial institutions could follow regulatory clarity. He points to a recent interview he had with David Mercer, CEO of LMAX Group, a global fintech company.

“Even though we are in this deep bear market, there are institutions that are itching to get back in the game…. [Mercer] He said that the six major banks are ready to go as soon as they get the green light from the regulatory environment.”

In the interview, Mercer tells Pompliano that he could name “six of the biggest banks in the world that, if they get the green signal, I think they can be active in every crypto market within a month.”

Pompliano also says that he had recent conversations with sources that confirmed a similar institutional sentiment and an interest in Bitcoin in particular.

“This week I personally spoke to several organizations, some of the largest asset managers in the world. They all have teams focused on Bitcoin and cryptocurrencies. They are hiring. They’re building those teams and they’re trying to figure out what they’re going to do. Some of them want to build products. Others want to generate income through services related to the industry. And others just want to make it easier for investors to allocate the space.”

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

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