Last week’s Crypto Biz newsletter explained how Wall Street is essentially marketing Bitcoin (BTC) for us after Wells Fargo (NYSE:WFC) said digital assets could “soon hit a hyper-inflection point” in terms of adoption. This week, JPMorgan Chase (NYSE:JPM) issued its own bullish outlook when it labeled the Metaverse a $1 trillion a year opportunity.
In addition to JPMorgan, the New York Stock Exchange (NYSE) this week sent out a strong signal that nonfungible tokens (NFTs) and the Metaverse are part of its long-term plans. On the regulatory front, the Republic of the Marshall Islands took a bold step in becoming a leader in the blockchain arena.