How probable is it? Who is more likely to do this apart from St. Louis Federal Reserve? Will it immediately trigger a bandwagon effect when it happens or it will take time for others to follow?
I doubt if federal banks will ever support cryptocurrency since they are against it. Cryptocurrency had made people forget about banks since using crypto vs bank is far more convenient, time-saving, and cheaper.
It is true and I strongly agree Crypto and banks are agains each other .
Crypto is for those who wants financial freedom who wants decentralized money,
While on the other hand banks wants to be in control so I don't think that they would support it .
However, due to anonymity, who knows whether if such banks are secretly holding bitcoin. It is possible, but I doubt if federal banks will ever announce it's support for bitcoin.
This remind me of the "crypto movie" if I am not mistaken there was a scene that his friend told him that banks own a huge amount of Bitcoin.