Bitcoin Forum

Time to time, we big financial players diving into the cryptocurrency industry, now big banks around the world want to invest $50 Million into cryptocurrency. According to this news... https://www.cryptoinformers.info/news/143-banks-set-to-invest-50-million-in-digital-cash-settlement-project

What do you think $50 million will add to this multi-billion industry?

This news sounds a bit fake as if it is true then i do not think banks are serious yet about it because if one bank was going to invest 50 million it could have been serious development but 143 banks investing 50 million is not enough or not an amount that can add or put signigicant positive effect on the overall crypto market.

I think the news did not say 143 banks. What I saw is "Banks Set To Invest $50 Million In Digital Cash Settlement Project".  And details were given on the news.

50 Million dollars is not so much in a 250Billion dollars market, but it counts and I thing the most important thing, most important than money is the fact that a Bank is investing money on cryptos
It's a good publicity for BTC and alts

$50M is such a large amount for a bank to invest with crypto but adding all of those amounts in total market cap, the effect would be minimal. Yes, this is a billion dollar industry and that's why they are trying to fetch in with their millions.

What I like from this, they are starting to invest. This is just the start and they are probably testing the waters and if it seems to be effective to them, I think that they'll add more and can even advertise it freely with their customers. But why most of them are interested with this "Fnality" project as the article stated?

50 million is not so much in itself but a single buy order could swing the market in a particularly direction, even for bitcoin.It is nice seeing banks gradually accepting the fact that bitcoin is here to stay and that in the future bitcoin will be a major player.

This will add more to the market than money. I believe there will be big changes in belief. Those who believe that the market is scam will change their minds after a large amount of investment by banks.

The effect of this would change the perception of most of the skeptics about cryptocurrency and mostly for bitcoin. It's already the banks that are hopping in to the market and this will gain those people confidence that they are good investing with crypto's.

Still, everyone isn't exempted with the risk that it has even the banks. But they know how this market goes and they already have a game plan if they're already in.

True, many minds that has believed that crypto is a scam will sudden have a change of mindset.

I think when it happen crypto will become more powerful because of new and huge investment of that bank then I think more opportunity of investment will follow and I hope when it's happen legalization and centralization will also implemented for all crypto and this is not impossible because banks now are interested to invest that kind of money in crypto.

Will that money ever enter the cryptosphere? From what i can gather, those 50M will go towards a blockchain project (cryptocurrency) that not only the banks will use, but unlike the JPM Coin, it could also be used by the general public (?) since it'll be pegged to fiat currencies.

This is pretty much the banks wanting to create their own cryptocurrency rather than using another one like XRP, for example.

The title of this thread makes it sounds as if banks want to invest in cryptos or in the crypto makret, which isn't true, they're actually planning to launch their own centralized cryptos, they want nothing to do with other cryptocurrencies or the cryptosphere.

i'm not really familiar with this project, but it sounds like another altcoin trying to pump itself to me.

in any case as far as banks go, they never invest in anything they can not control or can not give them money. so your title saying "crypto industry" doesn't really make much sense to me. what banks invest in, is going to be their own centralized, possibly even closed source, token that they fully control. something like JPMorgan coin.
as a result, things like that are not our concern because nobody in this community wants a centralized bank coin.

Multi-billion $ institutions have more effect on the crypto markets than the sum of all small market players. It will extremely cold to trade on the markets where sharks look for new blood. Hedge fund traders dream to get in the crypto market. Big market traders get a special bonus every year at the end of the year.

With 50 million USD you could pump some penny altcoin price a lot and make a shitload of money.
I don't know about any other way to invest in the crypto industry.
Anyway,I think this is fake news and "digital cash" doesn't allways mean cryptocurrency.
They might try to create something like paypal,skrill,venmo,neteller,etc.

nothing!
there are already multiple bank-backed centralized altcoins in circulation and they are either considered complete shitcoins or have been dying after a couple of pump and dump cycles. each of these coins have costed more than $50 million for their banks to create, pay for advertisement and developers and to pump.
and as we can see nothing in the "crypto industry" has been affected so far.

Just a drop in the ocean considering where bitcoin is going and the entire market cap of all crypto currencies. The only other good thing however is that normies will be encouraged to invest as they will have more confidence in the system if banks are involved

I do not know if 50 millions is such a big amount of money for our industry, but the fact that the major banks are going to integrate crypto currencies in their business models is going to have a massive effect on crypto currencies industry and will near the mass adoption.

They are investing in a platform and that means no money will go to the market or that will even rob money from the market if that platforms are starting to list its security token to the crypto exchange sites. There was a lot of similar news like this one and the fact that it doesnt give any impact and that's worthless. To see the news related to the crypto adoption will much better than it.
that same as when you are interested to put some money on the trusted ico.

The poster didn't just say 50 million but $50mil.. To me that's a huge sum though, but coming from 143 banks, it's a no no. I don't think that will have a significant positive effect in the overall cryptocurency world. Greater adoption is needed.

$50 million is nothing, that will barely even move the bitcoin price.  The amount that will eventually be invested by big investment firms will be in the billions.  There still isn't easy access for the normal 401k investor to be able to buy bitcoin yet.

50 million USD is nothing in 220 billion USD market. It is a good example how banks are small in this market and how they are afraid of investing more.

Obviously yes, 50 million USD is just normal amount investment from a bank. There is no significant impact to Bitcoin industry unless it has a real use case and significant development. But if there is more banks to invest in crypto industry, it can help adoption and give significant effect to this industry just not for now.

I wonder which bank that wants to invest $50 million to the crypto industry, and how much money will be invested for each bank to the cryptocurrency?
But if one bank can invest $50 million in cryptocurrency, then we can imagine how much money will be added in cryptocurrency, and I think that will give an impact to the crypto market itself.
Besides that, I think many people will see a chance to invest in cryptocurrency because the banks are trying to invest so people will following the bank to invest too.

That amount can't make the price grow to much, because even if they invest on only one coin will need a lot of more money to make the price grow, to make the price grow will be need a lot of more money. And i also don't think a bank will invest on crypto.

I think if banks put money into this industry then prices will be manipulated by banks like whales

The banks should get in more. I don't believe this news though, but if it's true, then cryptocurrency is getting to where it's expected to be. Banks are enemies of crypto and I wonder why they should pump money into cryptocurrency. It's doesn't add up.

$50 million will add a drop to the ocean. Not saying it's nothing, heck even $5 million is something in any country, but just a few days ago a whale dumped Bitcoin. 5 times worth that bank amount actually (US 250 Millions) and within a few days, price has recovered and is back to almost 7900 right now. I guess this is just a clue of how much or how little the effect of 250 million is in Bitcoin market.

I think this is like a fake news that tries to influence the cryptocurrency price movements because we know that when this statement is circulating in some media it will make many traders become affected.

I doubt if this would add much difference to cryptocurrency.

They are probably investing in blockchain/cryptocurrency infrastructures for their own projects/coins,  for Bitcoin or  for few other established cryptocurrencies

for a single person, $50 million is certainly a lot of money, but very little for the crypto market. it probably will not even notice, if you buy bitcoins for the sum.

The market will do its job.Combining banks to create product will be more effective than bringing together a bunch of fans of decentralization.For 50 million, the Bank will be able to create its own cryptocurrency and even run an exchange with its own staff and office.(I analyze on my own country).

The news is definitely a fake news to cause some commotion in the market because the link to Reuters which was mentioned in the article is not working, the statement made by the banks in subject (UBS) last month (https://www.ubs.com/global/en/wealth-management/chief-investment-office/latest-views/house-view-daily/2019/cryptocurrencies.html) shows they didn't by any way supported crypto currencies and it was there former CEO that seems to like crypto but he also want to create a regulated body.

Maybe you check from your end, every link related to that article I have checked are working perfectly.

Even if it sounds true then basically it means 50M added to maybe say Bitcoin and who know that might increase price a bit depending on their buying strategies but at the end of the road then will auto-correct and that is if they dont lose some assets in their money Anywhere if they are building their assets then good another platform will be re-introduce

To be honest, nothing new is added. I suppose that these funds are introduced into the market in order to buy cryptocurrencies for further market manipulation or simply investments on a long-term basis, but we don’t know, we’ll watch the market and most likely we will all know soon.

You're right the Reuters link in the article work when I use another browser but I still believe the idea of Guido Bühler creating his own crypto project was among the reason why the current UBS Chairman woo the banks listed to create a Fiat back coin. Although, the idea of Guido Bühler and UBS creating crypto coin which will make crypto and fiat transaction seamlessly is good but the UBS idea seems to be some kind of imitating JPMorgan coin.

Let's just wait till both project are launch.

I think he didn't read the article inside out because the banks involved in raising the $50 Million were mention and they are actually 8 Banks mostly from the EU while few from US.


I check through the link thoroughly, did a little research and I believe the news is not fake and it will affect the crypto market positively cause the institutions are coming together to try out crypto market by creating a coin which will serve as international payment etc. Mind you, UBS have once make negative statement about crypto currency in the past and now decide to try out crypto.

Yes, I think the same way,  UBS will definitely imitate the idea of JPMorgan and it will not make much impact. I will only stay positive until the whole box is unveil.

it is proof that crypto is always growing and increasingly in demand and of course this is a good thing because it is not impossible that crypto in the near future will actually be used as a means to transact, not only transactions to buy other coins but also transactions to buy anything and it can be a trigger to make crypto prices more expensive

$50 Million is not a great deal of money. I have seen many ICO's that have raised much more than that. What is however significant is that the banks are creating their own blockchain to handle settlement rather than using an existing block chain like XRP that we have been told for a long time is the coin that all the banks will be adopting. It would seem that rather than pay for someone else's overpriced coins the banks would rather mint their own.

Maybe the bank will start and try to dominate the market, I think exchange is their main goal, whether it's through partnership and also building its own exchange.

Yes even i dint find much news in this . Digital Cash settlement not only means its crypto currency even digital wallet like bank wallet other payment wallet also comes under digital cash .

That mean you dont really read the whole article posted by the OP and the provider links either because it well stated that the banks in subject will create a digital coin which will use the blockchain but will be back by national currency and this mean they are planning to create a  centralized coin which value depend on fiat.

I know this can’t be true for now but not impossible because I know a time will come that naturally, with or without regulations, banks will start getting involved one after the other until it becomes a casual thing, but for now banks would not get involved in cryptocurrency  yet because we all still know their stand against it.

Let us even assume it is true, that amount will not really cause any big pump in the market  that already have a very big market capitalization like bitcoin, we are talking about 8000 BTC here, it will add its own little quota but won’t make any sharp increase, provided they pump it on one market.

If they are to share it around the coins in the market, that is really too small to step up coins of choices, but I am suspecting if it were to be true, banks will focus on investing in XRP alone which will surely cause a very big uptrend for ripple because of the small marketcap they still have compared to BTC.

It is true that the money is quite small, but we are using the total market capitalization to judge its effect, yea, it won’t cause any FOMO value in the total marketcap, but if they look for some small market capitalization projects to invest in, it will be a major breakthrough for such coin.

Imagine a particular coin with a market cap of $10 million, and someone coming to suddenly add $50million dollar to it at once, don’t you think the small cap coin will get a big boost? It will, and from there, FOMO might help do the rest of such project. But like you said, banks will only crate their own coin which will be more of stable coin and may not have any significant effect on the market.

Well it depends on where the money is being inputted in the crypto market, one thing we should know is that we have so many coin in the market and this coins differs in volume, this is why it's very possible for that money to have huge impact in the crypto space especially when it's been put into a coin with low trade volume. Though it's not going to be of much impact to coins as bitcoin and ethereum because this are the coins with the largest market volume in the crypto space and a few millions of dollars can't shake that.

If this is true, then this is certainly good, but it will not change anything, because 50$ million is very, very small, if banks would wanted to invest at least 50$ billion, then it would be a different matter and the cryptocurrency market would immediately grow.

In fact, it will not give anything, since the amount is not so significant. Think about it, because it is less than 0.1% of the total capitalization...

Unless the $50 million is launched on only one or two shitcoins. But to move the bitcoin market like you said, more than that will be required.

if this happens there will be a new whale that has a pretty strong impact if the bank invests in an altcoin but if investing in bitcoin will have no impact whatsoever.

A good information occasion, at least. The interest of large investors, who were previously quite conservative, also should not be discarded.

If banks come into the crypto space, the crypto market cap will blow up more. Well some banks like JP Morgan has been rumoured to launch their own stable coin. This is a win win for crypto market with regards market capitalization and adoption.

Banks simply hate the Bitcoin and blockchain because they don't want to compete with technology that they can't control. If they can't control it they should buy it with dirty manipulations and they know the tricky psychological gaps in the human brain.

It is already clearly stated, even from the link provided that the banks are more than one.
Well, that is not the case, the situation is it's significance on the market, which I feel even if it is not much, there will still be some impact.

With this good news, cryptocurrency will continue to grow rapidly. And the process of adaptation to people in the real world will be faster, I think there will be many cryptocurrency industries that will continue to grow in various countries, the technology that will be adapted from cryptocurrency will provide convenience and many benefits for us all.

Banks investing in block chain technology for their own unique use cases won't really do much for the cryptocurrency industry, but CBDC's will have an impact on how the market is structured in the future if they do eventually choose to issue their own digital currencies and this will likely further increase the adoption of these types of technologies

People are always seeking profitable investment and the news may be true. But given the alleged tussle between banks and cryptocurrency (banks are vocal of cryptocurrency) and the volatile nature of the crypto market, I think it maybe too early to say yes to it. But gradually cryptocurrency is being accepted widely.

A lot of attention from both institutional investors and the individual ones. It would stirr the crypto market, though the amount is low, this coming in a short period of time would create a large buy wall increasing the price for short term and a positive speculation for the long term.

Crypto world is huge; it’s a world on its own. Billion of dollars are already involved in it; almost 200 billion dollars are revolving in its market. Fifty million will be like salt in flour, but everything counts. I think what is important that the banks are starting to take an interest in crypto, and this will help the market flourish more.

Depends on how they use it, if they spend it all at once to buy bitcoin than we will see a spike in bitcoin price and than anything could happen, it could continue to go up or it could have a correction and go down. However, if they spend it small by small and than sell it small by small they could potentially make a huge difference, buying 50 million dollars all at once and than selling 500k per day until you recoup and rebuying again type of method could make a whole lot of difference.

Actually, many banks have been involved in Crypto's investment. But the role is still small because it only supports the purchase of Crypto with Fiat through the Bank. But when the Bank is involved in investment, of course they will find a solution to avoid losses. In this case, of course they will maintain the Crypto price so that it does not occur down.

It is not about 50 million dollars; it’s about the interest that the banks have started to show now. This will bring more and more people into the market, thus helping the crypto. As mrdeposit said, it is a very good proving point to all those people who say that crypto is nothing but a scam.
As more and more banks show interest, people will also show interest in crypto, and this will help the market grow more and more, I think that is what is important.
Investment by “A Bank” is what is a piece of important news.

It won't bring a lot, because there were a lot of ICOs that have collected much more funds within several days. It would  be much better if banks would start integrate payment systems that are based on the blockchain technology.