BTC and Banks

[bitart]

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.

Banks do invest in blockchain technology, so in digital currencies too. You can check the members of the Enterprise Ethereum Alliance https://entethalliance.org/members/ here, you can find several banks there. Also you can find several well known companies from the financial sector (JPMorgan, Deloitte, etc.) These companies won't buy currencies in order to wait for the prices to go up and take profit, but they want to take part in the development of the blockchain, to implement this technology into their own business, in order to get the prices of their own shares skyrocket...

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[drachman]

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 .

They can do it, but I think the reason they are not doing that is because that will help bitcoin by making the price even more attractive an high so I think this is why they are trying to create their own crypto.

[UCHCHILD]

I guess the answer is no, no bank uses or invested in bitcoin because for sure they already studied things about btc and it is so far fron their mission and vision and even in their rules so why they are going to involve theirselves to this industry?

[BTcoint]

someday banks account will be in memory of history like what gonna remember about cash bitcoin dominating the financial worlds .

[Qunenin]

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 

There's a very strict set of limitations on what a bank can and can't invest in. At the same time most of these banking corporations have a board of chairman that they have to satisfy. Even if the chairman of the board is convinced you're going to need a majority of the shareholders and a majority of the board to make that big of a change.

[winterland]

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 think banks are interested in bitcoin but I think they are confused about what to do with it, do they support it, do they block it, I think they have not figure out what to do with bitcoin.

[virasog]

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 

There's a very strict set of limitations on what a bank can and can't invest in. At the same time most of these banking corporations have a board of chairman that they have to satisfy. Even if the chairman of the board is convinced you're going to need a majority of the shareholders and a majority of the board to make that big of a change.

That is the type of thing that is going to put a lot of fear and a chairman and make him want to back off because if something goes wrong they could be his entire career. BTC done need bank and bank dont like bitcoins. Both are vice versa and do not fit with each other.  But both have their own advantages and disadvantages and i think we should get benefit of the both.

[AK47-]

I don't think bank have really invested in Bitcoin or supporting it in anyway. There might be exceptions but majority aren't really supportive of Bitcoin. Banks would never want Bitcoin to dominate monetary system be it of any country. Therefore, by investing and supporting it, they would do opposite. Banks after watching the popularity of cryptocurrencies are busy in creating their own cryptocurrencies maybe for reducing Bitcoin dominance.

[sindikat]

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 think banks are interested in bitcoin but I think they are confused about what to do with it, do they support it, do they block it, I think they have not figure out what to do with bitcoin.

You underestimate the bankers. The people there are not stupid. They understand all the risks for the banking system in the case of the legalization of bitcoin. They are against it. Now the government will deal with bitcoin because it is funding from banks.

[ocid]

the use of bitcoin that is not banned here makes many of the banks involved in the use of bitcoin for every who use it, many of the local banks in my country started to work together with bitcoin service. the existence of one of the local bitcoin wallet sites in my country that is already trusted by all the central banks here, they work together so they can be mutually beneficial.

[Rahar02]

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....

You have found the answer, bank will never publish their investment in cryptocurrency but they do research about blockchain, trying to create their own version. But, I agree they did invest but not on behalf 'the bank' but only individual, not using bank's funds but from their own pockets because it's so risky to invest huge amount of money which is not belongs to you.
Bitcoin offer bigger interest over 400% within 8 months which banks can not give it to you, even bankers know about this, very tempting to invest in bitcoin.

[bitcoinmaniac52]

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....

You have find the answer, bank will never publish their investment in cryptocurrency but they do research about blockchain, trying to create their own version. But, I agree they did invest but not on behalf 'the bank' but only individual, not using bank's funds but from their own pockets because it's so risky to invest huge amount of money which is not belongs to you.
Bitcoin offer bigger interest over 400% within 8 months which banks can not give it to you, even bankers know about this, very tempting to invest in bitcoin.

My bank is invested in the blockchain but technically doesn't allow Bitcoin purchases. However, I just tell them I'm selling stocks if I need to make large deposits. Then they are accepting and let me do it, without knowing it is really Bitcoin that is being sold.

[Sentacks]

BTC/Alts - probably not
Block chain tech and dev - yes, most definitely

Banks likely see BTC and alts way too volatile to invest in. Also the taxes and legalities that would be implicated (because they are extremely scrutinized by fed regulations in most countries) would cost them a lot of cash.


Block chain tech/dev however is kind of like a banking arms race. It makes sense because banks are all about security and using block chain for authentication/identity is one of the best forms of security.

Just my thoughts, thanks!

Sentacks.

[LuanX3]

I don't think they did. If they did then the prices would for sure be much higher than today. Banks have so much money, usually even small banks in a small country has enough money to buy tons of bitcoins that would actually make them one of the biggest whales in bitcoin. But we don't see it. No bank is investing in bitcoins I believe.

[Qartersa]

I don't think they did. If they did then the prices would for sure be much higher than today. Banks have so much money, usually even small banks in a small country has enough money to buy tons of bitcoins that would actually make them one of the biggest whales in bitcoin. But we don't see it. No bank is investing in bitcoins I believe.

I think so too. So I agree with what you said here. Another thing to consider is that banks are always public. They will disclose these kinds of investments if they did plan to do so. Most banks are owned not buy just one person but most of the time by a lot of investors. That is why they need to disclose this kind of info if ever they did invest in it. So they cannot hide the fact that they did invest.

[Ivan16]

I dont know that,but i know they create own currency Riplle for easy transaction,probably thay invest thay have much money to invest,why not to do that if may to earn money.

[audaciousbeing]

Looking for evidence to back it up might be something unachievable because its what exist that can be found and since they are not coming out officially to declare their position, every other source becomes unverified which is not what should be relied upon but at the same time, banks are audited, file their returns, submit reports to regulatory authorities among other things they do which I am sure they would be flagged should in case they put large amount of investors money in something so volatile only if they will be doing it without disclosing its purpose.

[Adam]

As I can understand some banks convert their money in BTC and thus invest it

[bitart]

BTC/Alts - probably not
Block chain tech and dev - yes, most definitely

Banks likely see BTC and alts way too volatile to invest in. Also the taxes and legalities that would be implicated (because they are extremely scrutinized by fed regulations in most countries) would cost them a lot of cash.


Block chain tech/dev however is kind of like a banking arms race. It makes sense because banks are all about security and using block chain for authentication/identity is one of the best forms of security.

Just my thoughts, thanks!

Sentacks.

It's defenately a race. And this race is not between bank and bank, but between bank and 3rd party financial service providers (fintech). Banks know that Fintech companies have very good ideas and have possibilities to develop and implement new blockchain based systems. If they fail (fintech companies), than there's no problem, they are not well-known brands at the beginning. But if banks starts to develop something blockchain related, implement it into their existing system, and that fails, it ruins the bank's image, brand, etc...
So they need to cooperate with successfull fintech companies, to join the blockchain world, but the game is not over yet, nobody knows what will be the final solution and agreement between them.

[winterland]

I guess the answer is no, no bank uses or invested in bitcoin because for sure they already studied things about btc and it is so far fron their mission and vision and even in their rules so why they are going to involve theirselves to this industry?

Banks like any business care about profits so it makes sense that they have at least studied the possibility of investing in bitcoin and benefit from it after all who does not like easy profits, the only reason I can think for them to avoid doing that is that they do not want to help bitcoin.