The Motley Fool's website fool.com reports that "though cryptocurrency may be a central building block to the decentralized finance movement, its user base is now solidly more institutional than underground.
In 2021, Wall Street upped its crypto investments in a big way, trading $1.4 trillion worth of cryptocurrency on exchange Coinbase Global -- a massive increase from just $120 billion in 2020.
It's reached a point where Wall Street is reshaping the crypto market just as much as the crypto market is reshaping Wall Street:
The most crypto bullish firms also tend to be the largest: funds with assets under management of $500 billion or more have been the most active in the space, and nearly two-thirds have staff dedicated entirely to crypto.
Gone are the days of crypto as a small, erratic market -- institutional investors now largely treat crypto like other risk assets, trading it increasingly in lockstep with tech stocks."
Source credit and full story - https://www.fool.com/investing/2022/02/27/wall-street-is-dominating-the-crypto-world/
This brings up the recurring question in the crypto world whether the Wall Street and Big Techs are going to make crypto centralized and take control of the crypto world. What do you think?
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