Despite BlackRock and JPMorgan moving trillions onto blockchain rails, tokenization will never be adopted by institutional indexers. Even Bitcoin remains a fringe asset to the big players who demand regulated infrastructure over speculative tech. While 97% of the market's value is tied to just two coins, the rest are being slaughtered without federal oversight. Is the dream of institutional crypto adoption dead, or is Wall Street just getting started? What’s your take?
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