Hunter Horsley, CEO of Bitwise Invest, predicted that “every” institution on Wall Street will be doing something with cryptocurrencies within the next 12 months.
“Software is eating the world. Cryptocurrency is eating the capital markets,” Horsley said in a recent social media post.
widespread adoption
Wall Street is rapidly taking over trading and custody of cryptocurrencies, according to a recent chart produced by Bitwise. Giants such as Bank of America, BlackRock, BNY Mellon, CBOE, Goldman Sachs, JPMorgan Chase, and UBS all have a presence within this particular sector. Now that virtual currencies have become mainstream, virtual currency trading has become a standard service for major banks and securities companies.
Many institutions offering trading and custody services also offer cryptocurrency ETPs (Bank of America, BlackRock, BNY Mellon, CBOE, Deutsche Bank, Fidelity, Goldman Sachs, HSBC, JPMorgan Chase, etc.).
initial demand
So far, relatively few institutions have dabbled in private cryptocurrency funds.
Currently, only a handful of institutions, including Citi and HSBC, are considering crypto payments.
Meanwhile, tokenization is emerging as a hot new trend, gaining more and more momentum with the likes of Fidelity, Franklin Templeton, and Goldman Sachs.
$1.3 million in 10 years?
Bitwise predicted in August that the price of Bitcoin could reach $1.3 million in 10 years, citing institutional adoption as one of the main bullish factors.
According to Bitwise’s 2025 Q3 Crypto Market Review, enterprise adoption surged by 40% in the third quarter of this year.
