Strike CEO: Bitcoin would be a failure if Wall Street could break it

Jack Mallers, CEO of the Bitcoin payment app Strike, argued that increased participation from Wall Street in the Bitcoin market does not threaten the cryptocurrency's core values, Cointelegraph reported. In a podcast interview, Mallers stated that if Wall Street's entry could break Bitcoin, then the asset was never destined for success, adding that it is built on the concept of being money for everyone. He described Bitcoin as an asset that competes with global capital and predicted that traditional stores of value like real estate, art, and government bonds will gradually be demonetized as Bitcoin becomes monetized.