You really need a primer in how the finance world is structured, Jorge. I recommend Veale, "Stocks Bonds Options Futures". (While I am at it, many of the forum posters would probably be interested in Kuznetsov, "The Complete Guide to Capital Markets for Quantitative Professionals", which was my vademecum during my first month working at a fixed income fund.)
Being on "Wall St" (which is really midtown now, and has been for about 50 years or so) it is clear to me that you are describing sell side business operations. There are two primary categories of participants in securities markets: The sell side and the buy side. Wall St. is in bitcoin in a very small way. Some funds are buying mined coins on contract. Lots of people on the street hold in personal accounts. Most lines of business are oriented towards rent-seeking and tightly managed risk. I'm sure that some market makers are looking at providing btc options and futures, but it will be slow in maturing. In terms of mainline buy side participation, that's very limited, and mostly in private capital accounts. None of these will make big splashes, because they are smart money, and they know better. Retail offerings will come from sell siders creating product, and that will be dumb money, and it will make a big splash.
Thanks. I admit that I have a vey foggy (to be generous) idea of what people here mean by the term "Wall Street". I though that "Wall Street investing in bitcoin " meant companies like Fortress buying bitcoins as an asset that they expected to increase in value, just as they could invest in gold.Being on "Wall St" (which is really midtown now, and has been for about 50 years or so) it is clear to me that you are describing sell side business operations. There are two primary categories of participants in securities markets: The sell side and the buy side. Wall St. is in bitcoin in a very small way. Some funds are buying mined coins on contract. Lots of people on the street hold in personal accounts. Most lines of business are oriented towards rent-seeking and tightly managed risk. I'm sure that some market makers are looking at providing btc options and futures, but it will be slow in maturing. In terms of mainline buy side participation, that's very limited, and mostly in private capital accounts. None of these will make big splashes, because they are smart money, and they know better. Retail offerings will come from sell siders creating product, and that will be dumb money, and it will make a big splash.
By the way, about mining: China's foreign trade balance could profit from it in two ways, by mining bitcoins that they could sell in the West for dollars, and by selling hardware to miners. Are there estimates of how much (dollars) those activities amount to?