Banks Are Getting Into Bitcoin: Bad or Good?

[kulkhan]

I think it is absolutely good for cryptocurrency. Bank is trusted institution we know. And when bank accepting Bitcoin then cryptocurrency will more trusted for all investors and cryptocurrency holders. I believe it is absolutely good for cryptocurrency. For Bank getting into Bitcoin future of cryptocurrency market will bright. This market will be trusted and people will willing to into this market. As a result cryptocurrency market will established . I think it is good news for all cryptocurrency lovers.

[Seerge]

I think it is absolutely good for cryptocurrency. Bank is trusted institution we know. And when bank accepting Bitcoin then cryptocurrency will more trusted for all investors and cryptocurrency holders. I believe it is absolutely good for cryptocurrency. For Bank getting into Bitcoin future of cryptocurrency market will bright. This market will be trusted and people will willing to into this market. As a result cryptocurrency market will established . I think it is good news for all cryptocurrency lovers.

Agree with what you say, basically if there are a lot of government agencies that accept Bitcoin, then this will provide good news. 
If there are many Banks that accept Bitcoin, then of course this will give peace to everyone who loves Bitcoin and Cryptocurrencies in general.

[Freemind]

Yes thats so good banks are entring in bitcoin if banks allow bitcoin that country will legal bitcoin for that's good for bitcoin now days good news are coming may be good news coming from USA it will good.

Banks have been the main cause of economic crises in the history of humanity, they have also allowed for decades the laundering of money from illicit activities. If banks enter the crypto industry it is not to improve the customer experience, it is to take their share of the pie at any cost. I understand that banks want to do it, but that does not mean that I like the idea or that it is necessary for the crypto ecosystem, from my experience with banks over the years, I know that they are one of the worst cancers in society.

[shadowdio]

If the bank will adopt bitcoin they should warn to people that how risky it is if they really get into it because they may lose their money if the price will suddenly fall, it really cause panic to people and they will blame the bank, I think this is the one disadvantages.

[bmw1]

banks Are Getting Into Bitcoin: Bad or Good? That is to say, if Bitcoin or cryptocurrency is legalized in a country, then the country is moving towards a lot of development. And if it is possible to do a bitcoin transaction with a bank, then it will be much better. And will become like virtual reality. Then the number of cheaters will be much less and there will be no cheaters.

[sampoerna]

I am still litle bit confused with this statement. Bank will be going to Bitcoin?
Do you mean banks are right now also focusing on crypto? Afaik yes because they are trying to use blockchain technology for cbdc. But only for several countries and this ia still debatable.
So far, Bitcoin is more complex & decentralozed, and we cannot comoare it to banks which are centralized.

[Freemind]

I am still litle bit confused with this statement. Bank will be going to Bitcoin?
Do you mean banks are right now also focusing on crypto? Afaik yes because they are trying to use blockchain technology for cbdc. But only for several countries and this ia still debatable.
So far, Bitcoin is more complex & decentralozed, and we cannot comoare it to banks which are centralized.

In addition to using blockchain to create various CBDCs, banks are entering the world of cryptocurrencies (not just Bitcoin) for very simple reasons. One of those reasons logically is the profit, offering cryptocurrency custody products (there are several banks and companies that do it, but I do not know the prices), another reason is the outdated model of banks and the need to update it. Personally, I don't like the idea of ​​banks reaching out, cryptocurrencies have never needed them.

[de_prof]

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, good if bank get into bitcoin.
But I don't believe it will happen at the next several months.
It will take along time, because I see the governments didn't allow bitcoin and altcoin.

[Octoalts]

This will definitely be a debate, because many will say Bitcoin does not need banks. Bitcoin is decentralized and we can do any activity related to Bitcoin without Banks, and all we need is the internet. But it would be good if it turns out that the Bank accepts Bitcoin, because this shows Bitcoin will be increasingly trusted by the general public.

[Google+]

I think it is a very good step for the bank because it can develop and expand its platform to the banking world, but you should know that if the bank does something in cryptocurrency it will be very good because it can make it easier to buy and sell cryptocurrencies easily and unfortunately still not many banks are like that.

[yuanpaygroup]

Yes it good that banks are involving