Bitcoin’s Trust Gap: Why Wall Street Still Side-Eyes Crypto Despite Mass Adoption

Adam Back nails the irony—BlackRock’s ETFs pile in while old-money bankers still scoff at Satoshi’s invention. Here’s why the cognitive dissonance persists.

The institutional double game

Hedge funds front-run BTC futures but dismiss it as ‘rat poison’—classic hedge fund hypocrisy. Meanwhile, pension funds quietly allocate 2% to digital gold.

Technological distrust meets FOMO

CEOs who can’t differentiate SHA-256 from their gym password still demand blockchain solutions. The tech’s complexity fuels skepticism—even as their own treasury departments stack sats.

The killer closer

Until Bitcoin moons during their quarterly earnings call, expect more hot takes from finance boomers who think ‘HODL’ is a typo. Spoiler: their interns are already all-in.

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