Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest

[Bitcotalk]

I think banks have been heading to Crypto for a long time, but this is a good time for many big businesses to come to it. Because their prices are quite cheap compared to the current economy. I believe that the value of the future altcoins will grow further in 2020.

Of course, banks will not rush to the issue of cryptocurrency. They will massively invest their capital in cryptocurrency only if there is maximum clarity in the rules of the game in this market. This will happen only after the states legalize cryptocurrency and establish clear rules for its circulation, which is quite normal.

Whether they are investing in cryptocurrency or they are trying to render some service within the cryptocurrency space, one way or the other, they will find a way to benefit from it.

They have been in existence, they are smart when it comes to playing their game and of course, when times are changing like this, no one wants to be left out. So in that case, I believe as time goes on, we will get to see banks get their shit together most especially when the space becomes a lot more regulated and they will find a way to tap from the benefit in this space. I have no doubt about that!

[Seeker#9]

Some big banks have already invested in some virtual currencies like ripple so it is a big possibility that they would also invest more if there is a regulation for the cryptocurrencies. If a big bank finally invested some large amount of fund in cryptocurrencies, it might act like a whale, they can easily influence or manipulate the market to their favor. This possible scenario might only happen if government creates a  crypto regulation to accomodate the banking industry.

[coinfinger]

They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.

I don't think they are waiting for the regulators to "invest" they are just waiting for the regulators to regulate. That way they can be capable of spending billions of dollars into something they know will be regulated properly like all other investment options. Look at the regulations on stocks and forex etc. they are regulated daily and constantly and have been so for years and there is nothing like that in bitcoin.

So they are waiting for crypto to be regulated at the same level as those things in order to spend billions of dollars into it. Would you invest your billions of dollars into something that is not regulated properly? I think banks and investment firms will be reason for the next huge bull run when they come but we need to wait the approval of SEC for that type of thing.

[Burogh]

Investment banks like goldman sachs already investing their money in exchanger and will opening bitcoin trading desk. I am believe others investment banks see the opportunity in cryptocurrency market and they will investing their funds. Better hold our coin for long term

[cindygirl]

They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.

Too right. Banks are not operated based on some morale code, they serve only one thing and that is their shareholders. All shareholders really care about is profit. Banks will have realized long enough ago that if crypto is adopted then it challenges their current business model. Now it's just common sense for them to try and have skin in the game, or a slice of the pie than sticking to their current business model and becoming obsolete.

[Dimon8]

No wonder Goldman Sachs, Citigroup, and Morgan Stanley are developing the infrastructure to use and serve crypto. In this year of 2018, many events have already happened on the cryptography market that “say” that cryptography is a future that has already arrived.

[fasdorcas]

They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.

Another point we are missing out, this news and these people who said they are enthusiastic towards crypto said so before all of this 10-11 days of bear marathon happened. Do they still think the same? I mean of course it is easy to love bitcoin which has been low for 10 months now and favoring it to go up and being excited about it. It is not as easy now that the price dropped significantly and has been doing crazy volatile stuff.

I am not too sure if banks are still feeling the same about bitcoin considering their amounts are (combined by all banks) can reach to tens of billions of dollars poured into this whereas our volume is only 2 billion. It is not smart to get into a market when you can destroy it when you want to get out. Banks will probably not take that chance. Will wait until the volume is higher.

[BartS]

They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.

Another point we are missing out, this news and these people who said they are enthusiastic towards crypto said so before all of this 10-11 days of bear marathon happened. Do they still think the same? I mean of course it is easy to love bitcoin which has been low for 10 months now and favoring it to go up and being excited about it. It is not as easy now that the price dropped significantly and has been doing crazy volatile stuff.

I am not too sure if banks are still feeling the same about bitcoin considering their amounts are (combined by all banks) can reach to tens of billions of dollars poured into this whereas our volume is only 2 billion. It is not smart to get into a market when you can destroy it when you want to get out. Banks will probably not take that chance. Will wait until the volume is higher.

That is definitely a good point banks whether we like it or not are still the most dominant force in the financial market and they have so much money at their disposal that many are always trying to find markets to invest in, but the market of cryptocurrencies while promising is still too small so even if some banks wanted to take a chance with it they cannot do it because if they did then they will represent a huge portion of the market and they could be eventually trapped if the market collapsed

[Burogh]

If cryptocurrency regulated by government as new investment instrument, i am believe more big financial institution will come to cryptomarket. Crypto market have a bright future and its digital asset and its secure. If crypto regulated, i am believe investor will more confident and crypto market cap value will rising