Wall Street Greed Drives Crypto ETF Boom, Warns Tether Co-Founder

Tether co-founder William Quigley is sounding the alarm on the growing influence of Wall Street in cryptocurrency. He predicts that once Bitcoin and Ethereum ETFs have been approved, Wall Street's greed will drive even more products into the market.

Quigley specifically named Solana and Cardano as possible next targets for ETF installations, driven by Wall Street's relentless pursuit of profit. 'Every time Wall Street packages a new product to sell to consumers, if that product is successful, you can guarantee there will be copycats,' he said.

Quigley expressed his concerns about the increasing involvement of traditional finance in the decentralized space, warning that when the market downturn comes - and it inevitably will - Wall Street investors may pull out, creating a new risk factor for the crypto world.