Mallers Welcomes Wall Street as Institutions Hit 63% Crypto Diversification Peak

Strike CEO Jack Mallers dismissed Wall Street as a Bitcoin threat, calling institutional adoption a natural capital competition amid $59.38B spot ETF inflows since 2024. The week progressed from Berkshire's $397B cash hoard and Buffett's crypto warnings, to BlackRock's 28% BTC allocation advice and Fidelity's 1% allocation boosting returns 30%, driving BTC to $82,240 peak. Despite Strategy's $12.54B Q1 loss on 818,334 BTC and potential sales for dividends, CoinShares survey revealed 63% of $1.3T AUM managers now diversify with crypto, up from 36%.