US crypto ETFs are pulling Bitcoiners into TradFi: BlackRock's Jay Jacobs
CoinTelegraph·
60-second summary
BlackRock's Jay Jacobs is leading the charge in the "Great Convergence" of crypto, decentralized finance, and traditional finance, drawing Bitcoiners into the traditional financial system through US crypto ETFs. This convergence is expected to bring institutional investors into the crypto space, potentially increasing mainstream adoption and legitimacy of cryptocurrencies. Market implications are significant, with potential for increased liquidity and investment.
The merger of crypto, decentralized finance and traditional finance is being referred to as the “Great Convergence” at BlackRock.