Will banks ever offer bitcoin deposits?

[shield132]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

[Ashong Salonga]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

Every business needs to adapt to changes and challenges like this. Im pretty sure banks are already finding ways to join the bandwagon.they will surely profit from it. It would just be a matter of time until they accept bitcoin deposit and withdrawals.

[ivakar]

If we speaking kinda teoritally.. well, I guess it is possible sometimes.. maybe after all bitcoins would be mined.. and price could be more predictable.. but I'm sure banks will not offer for you very good conditions...
They will earn money for themselves first of all..

[BitcoinNewbie15]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

I would argue depositing funds in a bank is even riskier. Why have everyone's private key stored centrally? Also Freebitco.ins 4% interest rate offer is very interesting, but seems a little Ponzi-ish to me. I really don't know too much about their site.

[batang_bitcoin]

I love depositing my fiat to the banks and they are making money with it but if its bitcoin. I don't think I would avail this service but there's a possibility that it will come and they will be targeting those bitcoin investors/holders that doesn't really understand on what bitcoin is, being your own bank. They might attract those type investors by saying that their bitcoins will be safe on their hands. We know on how the banks are doing well in making money.

[flag39]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

Cryptocurrencies are more like Securities or Commodities so their value fluctuates following demand and supply.
My answer is banks will not offer BTC deposits. It would be quite enough for me if stock markets offer cryptocurrency  trading.
Banks though can offer a deposit box where you can store your private key on an envelope or nano ledger s

[mostkey]

If we speaking kinda teoritally.. well, I guess it is possible sometimes.. maybe after all bitcoins would be mined.. and price could be more predictable.. but I'm sure banks will not offer for you very good conditions...
They will earn money for themselves first of all..

when it happens is already in the sure. big profits will belong to the bank. and we will only get a minimal profit. because nagara also will control for state income. which means it may be able to boost the price of crypto or vice versa.

[ecnalubma]

A lot of companies now are adopting this kind of technology and making profit since from the very start. Maybe one day banks will realize the big potential and profit that the Bitcoin and cryptocurrency offers, its just a matter of time before majority of them may join the trend so lets hope so.

[Mister1k]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

Bitcoin is volatile in nature, I hope you will know that and then banks always expect the stable money to deposit them only. If they allow bitcoin as a payment and then BTC price drops and bump there will be big problem for the banking side.
So they may have bitcoin payment as option like alternative option like how we have savings, current and etc.

So far no banks may in some years they will be accepting the bitcoin and alts as a payment option.

[cryptodrei]

I dont think banks will ever accept cryptocurrency deposits as they are going to be getting their end when they do that,cryptocurrencies wants to end the banking system why would the banks embraced it?You are literally going to kill yourself if you are the bank,cryptocurrencies are decentralizd and banks are centralized which is contrary to each other.

[jrrsparkles]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

But the main reason for the invention of bitcoin was we no need banks anymore we can keep our bitcoin in our own and we can transact on our own to anywhere in the planet so definitely we don't need banks to deposit our bitcoin.

[izanagi narukami]

Every country have their different policy against bitcoin but one thing for sure that my government are against with my bitcoin so it won't happen.
For me, when bank accept bitcoin it means that bitcoin consider as a fiat although bitcoin is an asset not fiat !

[dothebeats]

If they'd be on a next level of greediness, I'd say they might give it a go though highly impossible. The governments are trying to stop any form of interaction between exchanges and banks, simply because they don't want any interaction strengthen between the two. Also, it would be kind of impractical for people to keep their BTC in the banks since, well, the main reason bitcoin is created is for people to be their own bank, so it would be ironic and imagine the potential profits you might miss. All in all, this sounds improbable and impractical.

[mk4]

Probably unlikely, but possible. Though why would people do it though. It pretty much defeats the purpose of "being your own bank". I could definitely see people using this service if ever we had it, to be completely honest. Some people just don't want to bother with wallet security and stuff.

[toast]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

for the moment I have never encountered it because in my country bitcoin is still prohibited for transactions directly let alone what banks are possible for bitcoin deposits

[DAVETUN]

The trending move of these generation is cryptocurrency and Bitcoin is the king of all, sure  in the few years to come, to remain relevant Banks will have to choice than to start offering Bitcoin transaction which will include BTC deposits, saving, and lending  platform.

[Vektrum]

We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.

I am absolutely sure that such deposits in bitcoin will not be in state banks, I think that such services will not be available in commercial banks. The price of bitcoin is very volatile and unpredictable. Banks do not play such games. They need a one hundred percent guarantee that such a project will be profitable, and in this case bitcoin can not give such a guarantee. Perhaps in the future will be offered other options for deposits and loans in bitcoin. Something similar is already trying to carry out the XOV campaign, organizing for this a new bank through the ICO.

[weav]

I think we will only see more manipulation if this happens , if the banks will profit of bitcoin going up are down then they are gonna make sure that is what happens. Like someone said above , this defeats one of the reasons why bitcoin was invented in the first place. So maybe they will offer it in the future but my hope is as a community we stay away from it.

[semes]

I have read a news on this topic today. It's about some financial institutions working on crypto money investment in the US. I do not know the source of the news and the truth. But I think that in a very short period of time (within a few years), the banks will certainly be able to handle this. Otherwise it is not possible. There is an economic value in the middle. Bitcoin and some coins are already a big competitor to the banking sector. If the crypto money sector does not go to cooperate with the banks, we may not see the banking sector that we know today. Because many projects offer much more than banks promises, much simpler. All you need is internet and a PC.

[shield132]

Bitcoin is volatile in nature, I hope you will know that and then banks always expect the stable money to deposit them only. If they allow bitcoin as a payment and then BTC price drops and bump there will be big problem for the banking side.
So they may have bitcoin payment as option like alternative option like how we have savings, current and etc.

So far no banks may in some years they will be accepting the bitcoin and alts as a payment option.

Yes, there is a high risk of losing a lot of money but hey, the possible benefit can be so fucking amazing for banks, it really worths to give a small try.
For example bitcoin can be lent from banks for projects like: https://bitcointalk.org/index.php?topic=2418909.msg24753848#msg24753848
Also some of them can make dirt deals with Bitmain/Bitfury or other exchangerd and manipulate price + make a unbelievable profit with this manipulation.