What Can $50 Million From Banks Add To The Crypto Industry?

[MOProgress]

Time to time, we big financial players diving into the cryptocurrency industry, now big banks around the world want to invest $50 Million into cryptocurrency. According to this news... https://www.cryptoinformers.info/news/143-banks-set-to-invest-50-million-in-digital-cash-settlement-project

What do you think $50 million will add to this multi-billion industry?

[bttmember]

This news sounds a bit fake as if it is true then i do not think banks are serious yet about it because if one bank was going to invest 50 million it could have been serious development but 143 banks investing 50 million is not enough or not an amount that can add or put signigicant positive effect on the overall crypto market.

[MOProgress]

This news sounds a bit fake as if it is true then i do not think banks are serious yet about it because if one bank was going to invest 50 million it could have been serious development but 143 banks investing 50 million is not enough or not an amount that can add or put signigicant positive effect on the overall crypto market.

I think the news did not say 143 banks. What I saw is "Banks Set To Invest $50 Million In Digital Cash Settlement Project".  And details were given on the news.

[rdluffy]

50 Million dollars is not so much in a 250Billion dollars market, but it counts and I thing the most important thing, most important than money is the fact that a Bank is investing money on cryptos
It's a good publicity for BTC and alts

[jossiel]

$50M is such a large amount for a bank to invest with crypto but adding all of those amounts in total market cap, the effect would be minimal. Yes, this is a billion dollar industry and that's why they are trying to fetch in with their millions.

What I like from this, they are starting to invest. This is just the start and they are probably testing the waters and if it seems to be effective to them, I think that they'll add more and can even advertise it freely with their customers. But why most of them are interested with this "Fnality" project as the article stated?

[sandra_x]

50 million is not so much in itself but a single buy order could swing the market in a particularly direction, even for bitcoin.It is nice seeing banks gradually accepting the fact that bitcoin is here to stay and that in the future bitcoin will be a major player.

[mrdeposit]

This will add more to the market than money. I believe there will be big changes in belief. Those who believe that the market is scam will change their minds after a large amount of investment by banks.

[jossiel]

It is nice seeing banks gradually accepting the fact that bitcoin is here to stay and that in the future bitcoin will be a major player.

The effect of this would change the perception of most of the skeptics about cryptocurrency and mostly for bitcoin. It's already the banks that are hopping in to the market and this will gain those people confidence that they are good investing with crypto's.

Still, everyone isn't exempted with the risk that it has even the banks. But they know how this market goes and they already have a game plan if they're already in.

Those who believe that the market is scam will change their minds after a large amount of investment by banks.

True, many minds that has believed that crypto is a scam will sudden have a change of mindset.

[lyks15]

I think when it happen crypto will become more powerful because of new and huge investment of that bank then I think more opportunity of investment will follow and I hope when it's happen legalization and centralization will also implemented for all crypto and this is not impossible because banks now are interested to invest that kind of money in crypto.

[tomahawk9]

Will that money ever enter the cryptosphere? From what i can gather, those 50M will go towards a blockchain project (cryptocurrency) that not only the banks will use, but unlike the JPM Coin, it could also be used by the general public (?) since it'll be pegged to fiat currencies.

This is pretty much the banks wanting to create their own cryptocurrency rather than using another one like XRP, for example.

The title of this thread makes it sounds as if banks want to invest in cryptos or in the crypto makret, which isn't true, they're actually planning to launch their own centralized cryptos, they want nothing to do with other cryptocurrencies or the cryptosphere.

[BitcoinHodler]

i'm not really familiar with this project, but it sounds like another altcoin trying to pump itself to me.

in any case as far as banks go, they never invest in anything they can not control or can not give them money. so your title saying "crypto industry" doesn't really make much sense to me. what banks invest in, is going to be their own centralized, possibly even closed source, token that they fully control. something like JPMorgan coin.
as a result, things like that are not our concern because nobody in this community wants a centralized bank coin.

[PuertoLibre]

Multi-billion $ institutions have more effect on the crypto markets than the sum of all small market players. It will extremely cold to trade on the markets where sharks look for new blood. Hedge fund traders dream to get in the crypto market. Big market traders get a special bonus every year at the end of the year.

[davis196]

Time to time, we big financial players diving into the cryptocurrency industry, now big banks around the world want to invest $50 Million into cryptocurrency. According to this news... https://www.cryptoinformers.info/news/143-banks-set-to-invest-50-million-in-digital-cash-settlement-project

What do you think $50 million will add to this multi-billion industry?

With 50 million USD you could pump some penny altcoin price a lot and make a shitload of money.
I don't know about any other way to invest in the crypto industry.
Anyway,I think this is fake news and "digital cash" doesn't allways mean cryptocurrency.
They might try to create something like paypal,skrill,venmo,neteller,etc.

[Red-Apple]

nothing!
there are already multiple bank-backed centralized altcoins in circulation and they are either considered complete shitcoins or have been dying after a couple of pump and dump cycles. each of these coins have costed more than $50 million for their banks to create, pay for advertisement and developers and to pump.
and as we can see nothing in the "crypto industry" has been affected so far.

[ukloon]

Just a drop in the ocean considering where bitcoin is going and the entire market cap of all crypto currencies. The only other good thing however is that normies will be encouraged to invest as they will have more confidence in the system if banks are involved

[der_troll]

I do not know if 50 millions is such a big amount of money for our industry, but the fact that the major banks are going to integrate crypto currencies in their business models is going to have a massive effect on crypto currencies industry and will near the mass adoption.

[JeffBrad12]

Time to time, we big financial players diving into the cryptocurrency industry, now big banks around the world want to invest $50 Million into cryptocurrency. According to this news... https://www.cryptoinformers.info/news/143-banks-set-to-invest-50-million-in-digital-cash-settlement-project

What do you think $50 million will add to this multi-billion industry?

They are investing in a platform and that means no money will go to the market or that will even rob money from the market if that platforms are starting to list its security token to the crypto exchange sites. There was a lot of similar news like this one and the fact that it doesnt give any impact and that's worthless. To see the news related to the crypto adoption will much better than it.
that same as when you are interested to put some money on the trusted ico.

[Ifychuks]

This news sounds a bit fake as if it is true then i do not think banks are serious yet about it because if one bank was going to invest 50 million it could have been serious development but 143 banks investing 50 million is not enough or not an amount that can add or put signigicant positive effect on the overall crypto market.

The poster didn't just say 50 million but $50mil.. To me that's a huge sum though, but coming from 143 banks, it's a no no. I don't think that will have a significant positive effect in the overall cryptocurency world. Greater adoption is needed.

[BitBustah]

$50 million is nothing, that will barely even move the bitcoin price.  The amount that will eventually be invested by big investment firms will be in the billions.  There still isn't easy access for the normal 401k investor to be able to buy bitcoin yet.

[asder250]

50 million USD is nothing in 220 billion USD market. It is a good example how banks are small in this market and how they are afraid of investing more.