Crypto Will Rally Again – Here’s the Proof

Although an ugly bear market has had cryptocurrency in its grip, investors need to stay focused on the big picture.

Bitcoin (BTC), the market bellwether, is down about 59% from its November all-time high.

But we've been down this road many times before...

From April to July of last year, Bitcoin fell 54%. From 2018 to 2020, Bitcoin dropped 84%. And from 2013 to 2015, Bitcoin sunk 85%.

Each time, Bitcoin has recovered to make new highs. History says it will again. But let me be perfectly clear: That isn't the only reason I'm optimistic.

I'm talking about Wall Street's growing commitment to cryptocurrency.

Over the past couple of years, Wall Street firms have dramatically ramped up their efforts to incorporate crypto and crypto-based technologies into their business models.

While many Wall Street executives dismissed crypto five or six years ago, they've gradually come to realize it is a disruptive technology they need to adopt - before it displaces them.

And crypto startups represent fresh, hungry competition bent on doing just that.

JPMorgan Chase CEO Jamie Dimon saw this back in 2019, and since then, numerous other Wall Street icons have jumped on board to prove that crypto is here to stay. On top of that, some of the biggest names in finance and tech have pivoted their careers toward crypto.