BroadChain reports that at 11:15 on April 24, over the past few days, the bastion of traditional finance—Wall Street—has officially surrendered to Bitcoin. Giants such as Goldman Sachs, Morgan Stanley, Charles Schwab, and the New York Stock Exchange have shifted from mockery to embrace, launching Bitcoin ETFs or opening spot trading. Goldman Sachs once called Bitcoin a "fraud tool," but has now launched related ETFs; Morgan Stanley previously banned internal mentions of "cryptocurrency," yet has now completed the largest ETF issuance in history, with Bitcoin as the underlying asset.
Charles Schwab now allows retail investors to directly trade Bitcoin spot, while the New York Stock Exchange is fully building crypto infrastructure. These shifts are not driven by ideological awakening but by profit motives: pressure from high-net-worth clients and institutional FOMO (fear of missing out) overriding all prohibitions. Bitcoin has transformed from a "scam" into an "innovative alternative asset," officially knocking on Wall Street's door.
