Bitcoin Forum

With bitcoin marketcap surpassed $1trillion and still stay above that for several days, Deutsche Bank analysist said like that.

https://cointelegraph.com/news/bitcoin-is-now-too-important-to-ignore-deutsche-bank-says


We do know on yesterday Fed and Morgan Stanley also "pro" with bitcoin, with so many huge Bank supporting bitcoin (https://www.google.com/amp/s/www.cnbc.com/amp/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html)

What will be happen next with Bitcoin?

Alot of banks have been advised by a novelist (which I don't remember his name now) last year during the total lockdown that they should see Bitcoin as the way through the economic meltdown and pandemic season but they turn the deaf ear.
It is good that they now know what they are missing and I read Morgan now allows wealthy people to invest in Bitcoin through their service.
Despite all this good news. What will happen next to Bitcoin is still now certain but through this bullish season is going to be a blast.

Right from the creation of Bitcoin, it already an important subject which the Banks need to integrate but they were too busy with what will be their loss in terms of money making while the government is concern about the centralization.
The IMF Boss has said already that fiat is losing it, they should support digital currency and not even at this moment that people spent 6hours to make cross border payment they (banks) will dare ignore Bitcoin.
Pandemic does show the potential of Bitcoin.

I remember another German bank (I can’t remember the exact name) writing a report maybe 1 year ago in which they predicted a BTC price of some $90 000 roughly. We should not be surprised that DB expresses itself so positively when it comes to BTC, because they have their own interest in it, just a little scratch under the surface and there is the next article -> Deutsche Bank Quietly Plans to Offer Crypto Custody, Prime Brokerage (https://www.nasdaq.com/articles/deutsche-bank-quietly-plans-to-offer-crypto-custody-prime-brokerage-2021-02-12).

Yet only a few years ago they considered Bitcoin a threat, but now they have obviously changed their minds - the main reason is of course the price of BTC and the profit they can make if they start providing services with crypto. -> Deutsche Bank: Bitcoin is One of the Greatest Market Threats in 2018 (https://news.bitcoin.com/deutsche-bank-bitcoin-one-greatest-market-threats-2018/)

Yet, at the same time, the EU is preparing one of the strictest crypto regulations in the world.

If accepted, I think the EU will leave behind with crypto startups and later will apologize as it's now the situation with semi-conductors. Will see.

With the growing of bitcoin now makes people or a company do not want to ignore bitcoin and let the chance to invest in bitcoin.
Maybe the company already research the advantage and disadvantage of bitcoin, so they finally invest in bitcoin before the price hit the next highest price.
The next thing that can happen to bitcoin is the price can increase furthermore and break the highest price while many people will see the power of bitcoin and make them invest in bitcoin.
But they are too late to invest in bitcoin because the price already increases so high, although they can still invest in bitcoin in a small amount.
That is lucky for people who already adopt and use bitcoin as their investment.

Is this really an indication that the Big banks will be more accepting towards Bitcoin?

I think they have resigned to the fact that there will be increasing demand for Bitcoin. With Paypal, Mastercard and Visa plus surveys showing that many retail investors are interested in buying bitcoin, even wanting to use up their stimulus checks on crypto. This is something they can't avoid and they'll just be run over if they keep on evading. Demand is coming and adoption is slowly creeping in. It's only a matter of time when their consumers will start demand for bitcoin or crypto products otherwise they'll just venture elsewhere.

They've come to realize it now because there are huge companies that are coming in and some governments that are in favor of it but the counterpart is to regulate transactions that happens inside their country.

Not that really but more banks would come to have their own service but first, they're likely to buy chunks of bitcoin and might treat it as their bitcoin reserve supporting whatever service that they might come to it that's related to bitcoin.

They can't deny the fact that big financial institutions and big companies are continuously buying large chunks of bitcoin or integrating crypto in their system. And I believe, they feel that they are being left out if they will not join the pack. They are now seeing that even with their advice to be careful in dealing with crypto, people are continuously patronizing it. As an example given above by suzanne, if more and more people will discover this advantage of bitcoin in cross border payments, a lot of people will use this method and traditional payment methods like WU will slowly lose their clients.

There is just one reason for all the positive accolade for bitcoin

All you hear now about adoption, big institutions buying, social media platforms opening arms for bitcoin ads and discussions everywhere about bitcoin is that it didn't collapse during the covid-19 year, 2020.

The year known as 2020, was the litmus test for bitcoin but instead of falling, it measured huge strength and taking over the negative effect of fiat contact and turned it to its positive strength. It showed advantage on this over fiat and in fact served as measures to protect further contacts.

All the fund couldn't pull the coin down including the hard times of covid-19 year. This made the plus for bitcoin, it kept raising from strength to strength and haters don't have choice anymore.

Asking out on what would be next in Bitcoin? No one really knows but these kind of recognition is simply giving out that positive vibe into the market that it can really be possibly be considered and now

it is really getting some recognition by those heavily centralized institutions.If they would really be having these kind of sentiment on continuous basis then it wouldn't be a surprise if we

would be seeing a series of similar words and might really be ending up on making the same step which would really be indicating some bullish possible trend.

I think ever since its creation, it has always been important since it introduced a system where no central authority controls it, compared to what we have now. It assures that no single authority could control it, but institutions ignored it then cause it had no influence, no popularity, literally nothing. The system it made isn't that important enough in their eyes to warrant the change since the current system we have right now still stands properly (in their eyes anw). However, with institutions investing left and right, I guess it became "too important to ignore", not to mention its current price. Its importance as a currency, however, remains to be seen since if we were to rate the factors that influence them from noticing Bitcoin, its currency factor would probably be around the bottom.

This is not surprising. Banks and similar institutions first ignored bitcoin. Then they ridiculed it or said it was a fraud, and now they have already realized that Bitcoin itself jeopardizes their existence, so they are going to move to offer crypto custody and/or trading services. The traditional banking system is dying, not only because of cryptocurrencies, and either they adapt or they will disappear.

Just waiting for some gold bugs to shift their investment to bitcoin.

I think this will be the icing in the cake for bitcoin becoming a store of value. We have seen big banks already offering bitcoin as sort of investments for their selective clients with big and deep wallets. If we could sway gold investors, then it will be huge and welcoming for us. Now we have companies like Tesla and probably even more willing to invest on bitcoin to hold on their balance sheet.

What if there is such a scenario that we will see an exodus of gold investors shifting to bitcoin?

I am not a fan of how banks or bank managers think. In my opinion, they are greedy people who think only of themselves.
They did not study Bitcoin until the market capacity exceeded 1 trillion, and they do so because some investors want to play the investment game and buy bitcoin. The banks came to offer them a financial mediation, where they buy bitcoin on behalf of these investors.

Also, a lot of positivity may lead the market to start at the end of the peak and 80% correction.

Banks are starting to reckon with Bitcoin more and more. The Bitcoin adaptation is still moving forward and if it goes on like this, it will take a large part of the market from the banks. At this point, they are not yet in danger, but they have to start thinking about the future.

I don't think that they've felt left out.

What we might not know is that they're already in and just stated what they want to say but have been researching and studying bitcoin for a long time.

It just so happen that there were institutions that are earlier than them that appreciated and adopted it.

Why you say so that we will go to 80% correction? We didn't bottom that deep when we have the pandemic last year, just around 60%-65% if I'm not mistaken. And as we have said, bitcoin narrative has change a bit, so I'm not seeing that it will fall on a downward spiral, worst 80% after the top.

those who come late because they listen to Bill Gates will pay a higher price to have BTC. now they are going to be seeking a chance to buy at a low price using their fronts on public exchanges.


80% is kind of the worse expectation that you should have. but imo there wouldn't be a sudden drop for a correction.  it will probably a very slow dip, it's very uncertain where the economy will go after the pandemic. the collapse will not go back up again as quickly as possible.

It didn't take long to say that DB has changed its mindset toward bitcoin. Previously they thought bitcoin was a negative threat, and now they have made bitcoin their way of making profit and that is positive thinking. This is proof that they have their own mission and purpose in bitcoin.

To reach a higher ATH, bitcoin still need a lot of support from private investor, institutional investor, and trader. The bitcoin community is still hoping for the price to hit $100K this year or as early as 2022. But it's uncertain now what will happen next. A minor correction happened today, which I think is normal.

Yes, it is. With what happens to bitcoin now, many people will attract to bitcoin, and they will start investing in bitcoin. It can help the adoption process grow fast from this year, especially when some big companies already invest in bitcoin. We will see bitcoin going to the moon, and the altcoin will follow behind bitcoin and give us the biggest profit again.

That hope is the thing that is keeping us alive, without that hope bitcoin would have been down already. Back in the day when we reached 20k people didn't talk about 50k or 100k or anything like that as seriously as we are talking right now, we have increased so much in price that we have reached to a level where we are profiting insanely, and that is why I think we should be focusing on doing whatever we can to not go all in and ruin ourselves right away but do DCA instead.

Buy bitcoin with equal shares for 50 days for example, once a day for 50 days, that way you will have an average price. Many people put all their money into bitcoin all at once and they end up losing when the price goes down and they end up panic selling and making a loss, that is why people should use DCA to make sure they still get in but do that with a bit more care.

It is interesting, because they emphasize only the short term, they have some mistrust due to the lack of liquidity, it is normal, a bank always plays it safe, safe and backed actions, now with all the investment that has entered Bitcoin, such such as Paypal, Microestrategy, among others, has increased trust even for these banks.

They do not talk about the long-term investment of BITCOIN, they only say that it will continue to grow in price despite the volatility, what do they want to convey to us? Simple, that the long-term price will be very large, although Bitcoin is not backed by gold or any other currency, it is different and may be considered as a safe saving, almost as a safe haven, and if a bank recommends it, It means that you want to attract people for the investment of Bitcoin and have support.

Well, the significant growth in the price of bitcoin makes it so tempting that no one wants to skip this cake even if they work with the traditional monetary system. This combination will surely make a move in the price of bitcoin which will add more liquidity to the market and make bitcoin more stable while staying at this high peak.

Bitcoin always shocks me. If my prediction was corrected, bitcoin would be around $35000 at this time. But I guess bitcoin is such a notorious that no one can foresee the potential

Let's wait and see bitcoin shine. And if it is possible, the collaboration between the bank and the blockchain undoubtedly enhance the power of online transaction. And as the result, global economy will develop with an astonishing speed

I do agree with it, think about it governments and so forth protect banks a lot and what is their excuse? If banks collapse (even if they do something that deserve it) that would cause a lot of people to collapse as well and bankrupt, so saving banks would equal saving a lot of people and their money.

I do not agree with that, I think banks should collapse and bankrupt if they can't run their business properly and if people are hurt by it, let them be hurt now and they will be saved later because without those banks and their shady business people will get better in the future. Bitcoin reached to that level, not that any government would save it, but corporations invested so much money into it that I think they may end up paying a lot to keep it high, they can't afford it to go down and this will get bigger and bigger in the future as well.

When we trade we should not only rely on bitcoin, there is a need to also watch out for other coins to fully utilised the popularity of crypto now, many uses this time that crypto is popular to take advantage of the market to gain profit from news, tweets and etc thru trading. We should not slip these chance since even by holding or not doing anything we can still be able to earn.

though it is good to focus your investments in btc only, but still it is better to diversify your portfolio. am not saying that one day, bitcoin may suffer some bottlenecks, but you need to prepare for the worst. so just like what the simple rule of investments is telling us - never put all your eggs in one basket. this may save us one day from losing all our assets. so there's no harm in following this simple rule, whether in crypto or in tangible assets.

Another good news for Bitcoin and also the sign that we are still in early Bullrun, with that report many institutions will join and will make it easy to reach our target. A lot of people target 100K in this year if Bitcoin continues in good news, not just 100K but we can also reach 200K

Also, banks realize that Bitcoin is "too important to ignore". I just don't know why couple of people still ignore it

How can one equate "too important to ignore" to a gesture of actual approval/adoption of BTC?

Clearly, they are completely different in nature. Institutions have long recognised the importance of BTC but have pursued no particular action upon it - whilst others have even explicitly rejected BTC.

And quite frankly, who cares about what institutions say. Their involvement is not necessary for mass adoption to occur anyhow.

This probably gonna trigger those who creates regulation to put more attention into bitcoin therefore creating some kind of limitation or restriction in the use of bitcoin, that's the side effect of things like bitcoin becoming too much popular.

These bank could say that bitcoin is too important to ignore however I think they gonna just join with the crypto or trying to implement it within their system. To be frank, that's what they should do as to keep up with the advancement of technology and not being too tied with their old ways of managing money or the broken traditional monetary system.

Slowly but surely they will all get on board.  It wasn't to far away that every banking institution scoffed at the idea that bitcoin was even a thing.  Now look look at them all scrambling to try to get in on the blockchain thingy 🙂