Wall Street pushes back on bitcoin-to-zero thesis, citing bank stakes
- —Visser says bitcoin has about seven years to prepare for future security threats
- —Banks entering crypto now have a daily interest in solving bitcoin's problems
- —Long-short, quant and multi-strategy hedge funds each lost over 1% on October 22
- —BTC trades near $80,392, down 0.47% over 24 hours
Why it matters: The debate over bitcoin's long-term security shapes the institutional narrative, though no concrete post-quantum upgrade plan has been agreed.
Source: Blockmedia