What Wall Street’s U-turn on bitcoin means
· institutional · Sentiment: neutral
Wall Street institutions have executed a sharp reversal, shifting from skepticism and regulatory resistance to aggressive embrace of Bitcoin through ETF launches, custody services, and direct corporate treasury allocations. Consensus across reports indicates this U-turn is driven by Bitcoin’s maturing infrastructure, spot ETF approvals, and its emergence as a credible inflation hedge and store of value. The key implication is accelerated mainstream adoption and legitimacy, likely driving sustained institutional inflows and upward pressure on Bitcoin’s price as it transitions from speculative asset to strategic reserve asset.