BTC and Banks

[Cryptogladys]

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? 
of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks 

[1714496588]

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[1714496588]

1714496588

[1714496588]

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[Dudeperfect]

I don't have any confirmed news about any bank dealing or investing in Bitcoin but yes, there are many such banks who have invested in Ripple.

Ripple works as a bridge currency between banks and countries which makes easier for customers to take the benefit of Blockchain technology without actually using it (XRP).

* More than 75 banks are now on Ripple's blockchain network.

However, it is a private blockchain network and ripples are issued to banks at a discounted price.

[Maxre]

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

[szpalata]

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

[Cryptogladys]

yes

I don't have any confirmed news about any bank dealing or investing in Bitcoin but yes, there are many such banks who have invested in Ripple.

Ripple works as a bridge currency between banks and countries which makes easier for customers to take the benefit of Blockchain technology without actually using it (XRP).

* More than 75 banks are now on Ripple's blockchain network.

However, it is a private blockchain network and ripples are issued to banks at a discounted price.

yes I know ripple (XPR), if I remember ripple was born principally for banks! so, we cuold say tath ripple is like a rebittance token?

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

that is exactly what I would like to know...
how wall street banks are evaluating bitcoins, ethereum and others altcoins?
this is an article that talk about a Goldman Sachs analyst who predicts a rally in the price of bitcoin few months ago:
https://news.bitcoin.com/goldman-sachs-technical-analyst-predicts-bitcoins-top-is-4800/

[error08]

I am not sure how to determine this kind of activities, banks maybe and may not invest in bitcoin depends on the law in their country and decision from the head/CEO of those banks, such as in Norway ; Skandianbanken joins the ranks of several other global banks and financial institutions exploring blockchain technology, although it is the first to unveil such a direct integration with cryptocurrencies.
https://www.cryptocoinsnews.com/banking-bitcoins-age-norway-bank-adopts-direct-bitcoin-integration/
Private banks should easily invest in bitcoin but different story for central banks that relate to govs regulation.

[Hydrogen]

Here is evidence of JP Morgan Chase (investment and banking firm) being loosely involved with ethereum.

Thirty big banks, tech giants, and other organizations—including J.P. Morgan Chase, Microsoft, and Intel—are uniting to build business-ready versions of the software behind Ethereum, a decentralized computing network based on digital currency.

The group, called the Enterprise Ethereum Alliance, is set to debut at a summit in Brooklyn, New York on Tuesday, during which members J.P. Morgan Chase (JPM, -0.32%) and Banco Santander (SAN, -0.46%) are scheduled to demonstrate a pilot of the financial technology as it exists today. The pair plan to show off a "spot trade" on the foreign exchange market for global currencies using an adaptation of Ethereum as the settlement layer.

http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/

According to some sources Craig Wright has $200-$300 million invested in nChain by unknown financers (possibly banks).

According to the press release, the amount paid for the recent purchase of Nchain is undisclosed. However, sources familiar with the transaction say it was well over the capital injected into 21 Inc., making the claim that Nchain is the largest acquisition in the Bitcoin and blockchain development space yet. According to CNBC, a source familiar with the matter said that $300 million had been invested in Nchain, but it was not clear over what period of time. Neither was it clear in what form the investment was made; in dollars, bitcoin, equity? Requests to have Nchain deliver some sort of verification for these claims have gone unanswered.

https://news.bitcoin.com/nchain-claimed-to-be-largest-acquisition-in-bitcoin-history/

[makishart]

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? 
of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks 

They are not investing in altcoin or bitcoin but in the blockchain technology. You can see the latest tweet from omisego project or vitalik butterin's tweet. They just try to hire the expertise on the blockchain development. It's not about buying the crypto or something like that but just buy the blockchain for itself.

[drachman]

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? 
of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks 

I do not think banks invested in bitcoin that will help bitcoin to become stronger and to eventually defeat them so I doubt they are helping bitcoin in that way it is more likely they have invested in other projects and try to destroy bitcoin in that way.

[deadsilent]

Ripples. Invested by many banks. That's why many are in doubt it can last because it's not really a  decentralized altcoin. Bitcoin i know is not really favored by banks since it's against them. By i heard Rothschild are invested at Bitcoin. Rothschild owns the biggest banks, the central bank. They're not invested huge amount tho. Just $250,000 as far as i know. It's funny because this is just penny for them. I think they are just experimenting.

[iram1011]

As many have already stated, several banks did invest in Ripple.

Regarding Bitcoin, there will hardly be any bank on whole who have invested in Bitcoin. There might be some senior individuals but not bank as central. Falcon group in Switzerland have started dealing in Bitcoin. They might have some Bitcoin stock. Else I don't see any bank being interested in Bitcoin. Most of the banks are busy in developing their own cryptocurrency or warning people of possible threat of Bitcoin or altcoins.

[SamsungBitcoin]

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

I think also that bank will invest in bitcoin, when they start to accept bitcoin in their system they will need to have bitcoin investment for withdrawal and deposit of some people who used bitcoin.
Agree that they will take the advantage of the volatility of bitcoin specially they can invest huge capital and make huge profit also.

[Cryptogladys]

I don't know, Rothschild family that invested in bitcoin.... do you have some proof about it?
I know that a bunch of banks invested and continue to invest in private blockchains,
maybe banks likes bitcoin and blockchain...
I think they're not scared about bitcoin, the market capitalization of bitcoin is around 72.5 billions of dollars at the moment, only wall street banks every day manage trillions of dollars and a big part of that pie is in cash, maybe they own a huge part of bitcoin circulation in order to influence the price and make huge profits rapidly... I don't know... maybe not...
it's obvious that the law says they can't invest the money of citizens in riskys activities (like bitcoin), but they always find a way to cheat the entire system...

[Pettuh4]

I think big banks or small banks do not invest in bitcoin or alt coin.
I think it's too big a risk if the bank invests in bitcoin or alt coin.

What I know is that some banks have financial investors who trade our savings for profits and so I wouldn't be surprised if they by and trade Bitcoin too because they can easily take advantage of the volatility of Bitcoin and profit from the margins.

I think also that bank will invest in bitcoin, when they start to accept bitcoin in their system they will need to have bitcoin investment for withdrawal and deposit of some people who used bitcoin.
Agree that they will take the advantage of the volatility of bitcoin specially they can invest huge capital and make huge profit also.

You don't think they can buy bitcoins with our fiats? I think anything is possible with these banks because they can easily maneuver their ways and trade our fiat for bitcoins which they will sell at the right time to make profit .

[savioroshan]

I dont think any bank will invest in any digital currencies. Because no one will risk such a hugh amount by investing in cryptocurrencies. We all know its price will go up. But who can give guarentee that its price wont crash. This is cryptoworld buddy. Anything can happen. For example will you invest all your savings to buy bitcoins? Just think about it and you will get the answer for the topic in the thread.

[Supreemo]

I dont think any bank will invest in any digital currencies. Because no one will risk such a hugh amount by investing in cryptocurrencies. We all know its price will go up. But who can give guarentee that its price wont crash. This is cryptoworld buddy. Anything can happen. For example will you invest all your savings to buy bitcoins? Just think about it and you will get the answer for the topic in the thread.

,no one knows that exactly, maybe this has been also discussed by the banks because who would have ever knew cryptocurrency and to think that it has been popular, so i guess the banks would also be curious and discussed it. they haven't released any official statement yet, but I am pretty sure that the boards are already talking about this.

[zarados]

hello,
I was wondering if major and smaller banks invested in Bitcoin or other Altcoins?
I think they did but, the question is how? and with which methods? 
of course any bank will never say it publicly....
someone who knows something can explaine the community?
thanks 

The banks are holding its customers money, I think bitcoin is not a safest investment for any bank in the world, big or small. What I know, the bank truly used its customers money for stock trading, and what we've seen in the acount is just a digital number. Anytime, customers could get their money back, but the bank set the transaction limit/day. So they can managed it. But invest on crypto currency, with it's fluctuation, I dont think they can manage their capital and customers money in it, except they can controlled it.

[Carlsen]

I don't know if banks invested in bitcoin, but actually I would be surprised if they already did.
From their point of view, bitcoin is still highly speculative, in the US not even ETF approved.
I suppose the bosses would not give their ok if somebody in their team would come up with the idea of an investment in bitcoin.

[bucker steemit]

most of them do not justify it, I assume they will not invest in bitcoin or altcoin. They do not really like the bitcoin movement I think they want to get rid of bitcoin. because public confidence in banks has begun to fade away they prefer bitcoin rather than bank.

[LieXurui]

i think if you want find about bank integrate bitcoin, i think you can't never found, maybe next several year
about bank invest in bitcoin i think same you can't found
maybe if SEC and USA ready regulation, much bank can invest bitcoin and blockchain technology