{"id":90939,"date":"2026-05-09T14:31:37","date_gmt":"2026-05-09T14:31:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=90939"},"modified":"2026-05-09T14:31:37","modified_gmt":"2026-05-09T14:31:37","slug":"bitcoin-cant-be-broken-by-wall-street-ceo-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=90939","title":{"rendered":"Bitcoin Can\u2019t Be Broken By Wall Street, CEO Says"},"content":{"rendered":"
\n

Morgan Stanley is now undercutting Coinbase, Robinhood, and Charles Schwab on Bitcoin and crypto trading fees \u2014 and Strike CEO Jack Mallers isn\u2019t worried about it one bit.<\/p>\n

Wall Street\u2019s Growing Footprint<\/h2>\n

The bank recently launched a crypto trading pilot through its E*Trade platform, charging clients 50 basis points per transaction. That\u2019s less than what the biggest US crypto and brokerage platforms charge for standard retail trades.<\/p>\n

It\u2019s one of the more concrete signs yet that traditional financial giants are moving deeper into digital asset territory.<\/p>\n

But Mallers, whose payments company Strike is built around Bitcoin<\/a>, pushed back hard against the idea that this trend spells trouble for the asset.<\/p>\n

Asked on the What Bitcoin Did podcast<\/a> whether institutional involvement threatens Bitcoin\u2019s core principles, his answer was short: no.<\/p>\n

\u201cIf Wall Street getting into Bitcoin kills it, it was never going to be successful in the first place,\u201d Mallers told host Danny Knowles in the episode published Thursday on YouTube.<\/p>\n

Bitcoin: Money For Everyone \u2014 Including Your Enemies<\/h2>\n

His argument rests on what he sees as Bitcoin\u2019s foundational promise. The asset, he said, was built on the idea of being money for all people \u2014 not just those who share the same politics, values, or background.<\/p>\n

He extended that to include rivals and adversaries. A network that claims to be open to everyone can\u2019t logically draw a line at Wall Street, in his view.<\/p>\n

Large institutions buying in was always going to happen, Mallers said, because Bitcoin is competing for global capital. He described a future where real estate, fine art, and government debt all lose value relative to Bitcoin as the asset gets increasingly adopted worldwide.<\/p>\n

<\/p>\n

Spot Bitcoin ETFs<\/a> launched in the US in January 2024 have drawn close to $60 billion in net inflows across 11 funds as of Friday, based on data<\/a> from Farside.<\/p>\n

A Different Concern Among Bitcoiners<\/p>\n

Not everyone in the Bitcoin community shares Mallers\u2019 calm. Some argue that concentrated ownership by large institutions creates a different kind of risk \u2014 one that plays out through influence, not code.<\/p>\n

Venture capitalist and Bitcoiner Nic Carter raised that concern in February. He warned that major institutional holders may eventually grow frustrated with Bitcoin developers over unresolved issues such as quantum computing threats.<\/p>\n

According to Carter, those institutions could push to replace the current developers entirely.<\/p>\n

\u201cI think the big institutions that now exist in Bitcoin, they will get fed up, and they will fire the devs and put in new devs,\u201d he said.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n

\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Morgan Stanley is now undercutting Coinbase, Robinhood, and Charles Schwab on Bitcoin and crypto trading fees \u2014 and Strike CEO Jack Mallers isn\u2019t worried about it one bit. Wall Street\u2019s Growing Footprint The bank recently launched a crypto trading pilot through its E*Trade platform, charging clients 50 basis points per transaction. That\u2019s less than what […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-90939","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90939"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90939\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}