JP Morgan is on board, now advising their investors to join in (and the bank behind Coinbase)
Fidelity is on board
Morgan Stanley is on board
Visa, MasterCard
AMEX has been using crypto to get best possible currency exchange rates for a couple years
Coinbase has a healthy relationship with the SEC and is about to get their banking charter approved for their own direct FDIC insurance, as well as IPO soon
Getting money out is NOT hard.
This is not a meme.
Fidelity: Provides custody services for a fee, hasnt directly invested
Morgan Stanley: Provides custody services for a fee, hasnt directly invested
Visa, MasterCard: have made some press releases, but dont appear to actually do anything yet
AMEX has been using crypto to get best possible currency exchange rates for a couple years: source? couldnt find any evidence of this
Coinbase has a healthy relationship with the SEC: healthy enough to earn them a $6.5M fine for illegal wash trading yesterday
This seems destined to go about as well as all the Spanish and Portuguese who plundered the New World for centuries in their attempts to hoard real gold as their empire faded into the dustbin of history and mercantilism and then capitalism took over and the world realized actual wealth involved making useful things, not holding onto deflationary fixed supply assets for dear life.