"There is not a hedge fund or institutional investor that doesn't have Bitcoin on their white board. They know about it, they're thinking about it. Some even have it in their personal accounts," explained Matthew Roszak, an investor from Tally Capital. "But in order for them to jump in the water, they need tools that they are more used to."

There is a perfect storm brewing with respect to Bitcoin and Wall Street. The Winklevoss twins intend to launch an exchange-traded fund [ETF] this spring under the ticker COIN. Barry Silbert's GBTC gained Financial Industry Regulatory Authority (FINRA) approval that would allow holders of the shares to trade them on public markets. Alumni from J.P. Morgan, Goldman Sachs, and other banks are quickly moving into companies that primarily deal with bitcoin.

Despite this, much institutional money has sat on the sidelines for fear of loss assets — Mt.Gox was only a year ago — and significant amounts of uncertainty pertaining to legality and scams. Further, as an asset, bitcoin is worth around $3 billion. That's not a lot when talking about big, institutional money.