Ari Paul, the co-founder of crypto investment firm BlockTower Capital, says bitcoin adoption is at a standstill because Wall Street is taking a “wait-and-see” approach amid the bear market. In a lengthy tweetstorm, Paul says institutional viewpoints about cryptocurrencies fall into three categories: Venture capital mindset: Is there value creation we can capture with early-stage investment? Passive bitcoin or index exposure: Is this going to be digital gold or a portfolio hedge? Is this a market where we can generate profits as service providers or through active trading? Institutions Are In ‘Wait-and-See’ Mode Paul says the three viewpoints are not
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