Wall Street Brokers Growing Interested In Bitcoin And Miners, Analyst Says

  • Interest from Wall Street in Bitcoin is growing, having tripled since the beginning of the year, DA Davidson’s analyst said.
  • Analyst Christopher Brendler estimates that three times as many Wall Street brokers that cover the payments sector are taking bitcoin seriously now than in January.
  • DA Davidson recently started researching the industry and is bullish on BTC miners in the short term.

Wall Street is growing more aware and interested in Bitcoin and bitcoin mining companies, wealth management firm DA Davidson’s analyst Christopher Brendler wrote on October 25, per a CoinDesk report. The asset manager started research coverage of bitcoin mining stocks on October 15. According to Brendler, interest in BTC and miners has increased significantly since the beginning of the year.

Brendler “estimates that about 15% of the Wall Street brokers that cover the payments sector are taking bitcoin seriously now, up from about 5% at the start of this year,” per the report.



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