Bitcoin’s unlikely resurgence: bulls bet on Wall Street adoption

Speculators are now betting that the toughest regulatory punishments have passed and bitcoin will be embraced by large global fund managers and investment banks.

“You’re looking at the two biggest guys in crypto potentially both going to jail and yet crypto goes on?.?. the old guard is being replaced by fresh money,” said Ed Hindi, chief investment officer at investment management firm Tyr Capital.

“Everything has been thrown at bitcoin and it’s held up, whether you like it or not, it’s going to command a place in portfolios.”

Source: Bitcoin’s unlikely resurgence: bulls bet on Wall Street adoption