Banks Are Getting Into Bitcoin: Bad or Good?

[XM8]

We should all welcome Bitcoin. This is one of the biggest debts for Bitcoin. Because if all the banks in the world support Bitcoin, then the price and popularity of Bitcoin will increase more than before.Already but the popularity of Bitcoin has increased a lot. Needless to say, if Bitcoin is approved in all countries of the world, then Bitcoin will go to another level. 3

[Believer]

I think it's a great thing that Bitcoin Bank has created right now. Because various transactions are done by Bitcoin, Bitcoin Bank has been created for its convenience. I think a lot of technology has evolved now because of doing this so this is a good moment for Bitcoin.

[Vx1]

The entry of traditional banks into Cryptocurrencies, Bitcoin in particular is an advancement in Crypto itself. Moreover, if conventional banks and cryptocurrencies can merge, then this is big news that deserves to be published. And that is good, because we no longer have to worry about our Cryptocurrency assets, because everything will be safe.

[Papusha20]

Bitcoin's position or cryptocurrency position has moved to a much better position in 2021 than it was in 2017.  The price of Bitcoin has now touched 67887 dollar compared to the past.  If you compare now with the past, you can see that the price of Bitcoin in 2017 was from 17,000 dollar to 18,000 dollar.  So if you compare the present with the past you will definitely understand the price of bitcoin.

[pacar_tiri]

In 2017, the boom in Bitcoin and cryptocurrency had been fueled by retail investors or those where ordinary guys like you and me were then taking the market by storm...little investors but in huge numbers but the disadvantage with this is that people can easily be swayed by FOMO can many were then burned partly resulting into the eventual crypto winter. Many were then dreaming that one day there can be institutional adoption...that was a hard dream at the that time because banks and other traditional institutions were rejecting the idea behind cryptocurrency much more participate on it. Fat forward into 2021, we are now seeing a different scenario because gradually many traditional institutions adopted Bitcoin and crypto and many embraced with gusto. I am sure that many would agree that this a very welcomed development but what are the disadvantages of these banks getting into Bitcoin?

 Sure, It wil be good if banks will get in to bitcoin. But I think It is impossible to happen at the next few years. because I see there are many countries still blocked bitcopin and refuse this technology.  They said bitcoin cannot be controlled, of course no one can control bitcoin.

[bayiajaib]

In 2017, the boom in Bitcoin and cryptocurrency had been fueled by retail investors or those where ordinary guys like you and me were then taking the market by storm...little investors but in huge numbers but the disadvantage with this is that people can easily be swayed by FOMO can many were then burned partly resulting into the eventual crypto winter. Many were then dreaming that one day there can be institutional adoption...that was a hard dream at the that time because banks and other traditional institutions were rejecting the idea behind cryptocurrency much more participate on it. Fat forward into 2021, we are now seeing a different scenario because gradually many traditional institutions adopted Bitcoin and crypto and many embraced with gusto. I am sure that many would agree that this a very welcomed development but what are the disadvantages of these banks getting into Bitcoin?

It's good, if banks getting into bitcoin. But I don't think It will happen at the next year.
Because bitcoin still hasn't been accepted yet, at several countries and I bank hasn't support bitcoin yet

[Freemind]

You are right. This is why I dont really bother myself with whatever is being said online because for those that have come to understand that these Banks and even maybe some Governments that have not publicly accepted the adoption of Bitcoin might have been secretly investing init for a long time and they are the ones that cause all the FUD to drag down the prices so they can load up again.

Exactly. Banks have been buying Bitcoin and other cryptocurrencies for a long time, using the FUD game when it suited them to make prices drop drastically to buy more. The same thing happened with JP Morgan Chase years ago, they spoke very badly saying that Bitcoin was a scam and a few months later we could see evidence of how JP Morgan bought Bitcoin on Poloniex. Banks and some large investment groups only play lies and manipulation to obtain more benefits.

[jonathancool220]

It is very good if Bitcoin is accepted by the Bank because it is certain that the Bank has certain regulations that strengthen Bitcoin being accepted at a Bank, which is where almost all Banks in the world do not like Bitcoin because they are tripped by existing regulations.
But it is possible that there will be a polemic that must be resolved immediately if the Bank accepts Bitcoin payments and it is also possible that the Bank accepts this Bitcoin as an investment tool only to take profits in the future.

[royalfestus]

Bitcoin to banks is a rival, once bitcoin is Accepted in a country 1. You already have a bank "your wallet" in your personal control.
My country doesn't have enough smart security agents to understand and track your wallet, the major investigations they do is to search your bank account transaction details.
Most people here just see bitcoin as business, just to invest and get their profit,spend it while it last. Instead of seeing it as a forever currency.

[masudginanjar]

The more recognition from various financial institutions in various worlds, the better the image of Bitcoin and the Bank is now entering the cryptocurrency space, so it will be very good for the ecosystem of Bitcoin and various altcoins that are already circulating in the cryptocurrency market.
But behind that, the Bank must have certain regulations because it is also impossible for the Bank to accept Bitcoin for granted, after all this, this is the best way for us to have Bitcoin and become a Hodler for the future.

[hugo_uzman]

long time ago many financial institutions like banks and credit companies hate bitcoin.few years had passed, gradually majority of this firms are now embracing bitcoin just like the recent news about the MasterCard  is partnering with top crypto companies from Asia to accept bitcoin as credit card payment.

[Sonjoy]

This is why I dont really bother myself with whatever is being said online because for those that have come to understand that these Banks and even maybe some Governments that have not publicly accepted the adoption of Bitcoin might have been secretly investing init for a long time and they are the ones that cause all the FUD to drag down the prices so they can load up again.

[elbans89]

In 2017, the boom in Bitcoin and cryptocurrency had been fueled by retail investors or those where ordinary guys like you and me were then taking the market by storm...little investors but in huge numbers but the disadvantage with this is that people can easily be swayed by FOMO can many were then burned partly resulting into the eventual crypto winter. Many were then dreaming that one day there can be institutional adoption...that was a hard dream at the that time because banks and other traditional institutions were rejecting the idea behind cryptocurrency much more participate on it. Fat forward into 2021, we are now seeing a different scenario because gradually many traditional institutions adopted Bitcoin and crypto and many embraced with gusto. I am sure that many would agree that this a very welcomed development but what are the disadvantages of these banks getting into Bitcoin?

Good, If banks get in bitcoin, But I think It's impossible to happen for the next few years
Because I see banks didn't attract to allow and adopt bitcoin.
Maybe at the next several years, we will see.

[Delgboke]

I think if bank should get into Bitcoin market in order to enable crypto currency transactions it will be a good idea because it will definitely make transactions easy just sell and Exchange your Bitcoin directly from the Cryptocurrency exchange straight to your bank account without stress, for me I buy the idea for Bank to work with Bitcoin market instead of using peer to peer to transact your Bitcoin and other Cryptocurrency project.

[sacrotic]

That's great but bank only need the technology not the coin, for this one I think many country will agree. Until now ( maybe forever ), fiat still become the main product and I never know bank release their own coin. I believe bitcoin will stay in their road and never disturb any fiat, both need each other with special way. Bank is bridge and bitcoin are vehicle both have different function and should work together not against each other.