{"id":596834,"date":"2026-05-09T14:15:03","date_gmt":"2026-05-09T14:15:03","guid":{"rendered":"https:\/\/Blockchain.News\/news\/jack-mallers-wall-street-bitcoin-threat"},"modified":"2026-05-09T14:15:03","modified_gmt":"2026-05-09T14:15:03","slug":"jack-mallers-wall-street-cant-threaten-bitcoins-core-principles","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/05\/09\/jack-mallers-wall-street-cant-threaten-bitcoins-core-principles\/","title":{"rendered":"Jack Mallers: Wall Street Can’t Threaten Bitcoin’s Core Principles"},"content":{"rendered":"
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Darius Baruo<\/a> May 09, 2026 14:15<\/span> <\/p>\n

Strike CEO Jack Mallers dismisses concerns over Wall Street’s involvement in Bitcoin, arguing the cryptocurrency is ‘money for all’ and must remain open.<\/p>\n

\"Jack <\/a> <\/figure>\n

Strike CEO Jack Mallers has made it clear he does not see Wall Street\u2019s increasing involvement in Bitcoin<\/a> as a threat to the cryptocurrency\u2019s core principles. Speaking on the What Bitcoin Did<\/em> podcast, Mallers argued that Bitcoin\u2019s success depends on its openness, even to entities like large financial institutions.<\/p>\n

\u201cIf Wall Street getting into Bitcoin kills it, it was never going to be successful in the first place,\u201d Mallers stated. He emphasized that Bitcoin is designed to be \u201cmoney for all,\u201d meaning it must be accessible to everyone, regardless of their background or affiliations.<\/p>\n

Institutional Inflows Surge<\/h2>\n

Concerns about Wall Street\u2019s role in Bitcoin have grown as institutional adoption accelerates. Since the launch of spot Bitcoin ETFs in the U.S. in January 2024, data from Farside shows that these funds have attracted $59.38 billion in net inflows as of May 2026. Critics worry this could lead to concentrated ownership and influence, undermining Bitcoin\u2019s decentralized ethos.<\/p>\n

However, Mallers took a broader view, suggesting that Bitcoin is competing for global capital. \u201cWhere wealth exists today… real estate, fine art, government debt… those things will be demonetized, and Bitcoin will be monetized,\u201d he explained. For Mallers, institutional participation is simply a natural consequence of Bitcoin\u2019s growing prominence.<\/p>\n

Debate Over Influence<\/h2>\n

While Mallers downplayed the risks, others in the Bitcoin community remain cautious. Venture capitalist Nic Carter recently warned that major institutions holding significant Bitcoin reserves might eventually push back against developers if they believe critical concerns, such as quantum computing risks, aren\u2019t addressed quickly enough. \u201cThey will get fed up, and they will fire the devs and put in new devs,\u201d Carter speculated earlier this year.<\/p>\n

Wall Street’s Crypto Push<\/h2>\n

Wall Street\u2019s involvement in Bitcoin extends beyond ETFs. This week, Morgan Stanley launched a cryptocurrency trading pilot via its E*Trade platform, offering retail customers lower fees than major competitors like Coinbase and Robinhood. The bank charges 50 basis points on the dollar value of each transaction, undercutting existing players.<\/p>\n

Moves like these highlight traditional finance\u2019s growing appetite for crypto, as firms seek to capture market share from established crypto platforms. Yet for Mallers, these developments reaffirm Bitcoin\u2019s relevance rather than threaten its foundation.<\/p>\n

As institutional inflows continue to rise and Wall Street deepens its crypto footprint, the debate over its impact on Bitcoin\u2019s ethos isn\u2019t going away. But for Mallers, the cryptocurrency\u2019s open, decentralized nature is ultimately its greatest strength\u2014and its best defense.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Darius Baruo May 09, 2026 14:15 Strike CEO Jack Mallers dismisses concerns over Wall Street’s involvement in Bitcoin, arguing the cryptocurrency is ‘money for all’ and must remain open. Strike CEO Jack Mallers has made it clear he does not see Wall Street\u2019s increasing involvement in Bitcoin as a threat to the cryptocurrency\u2019s core principles. […]<\/p>\n","protected":false},"author":1,"featured_media":596835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,12],"tags":[31,3101,25100,25,1823,187],"class_list":{"0":"post-596834","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-blockchain","9":"tag-bitcoin","10":"tag-etfs","11":"tag-jack-mallers","12":"tag-news","13":"tag-strike","14":"tag-wall-street"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/596834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=596834"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/596834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/596835"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=596834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=596834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=596834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}