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

[niisarearning]

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.

Yes even i dint find much news in this . Digital Cash settlement not only means its crypto currency even digital wallet like bank wallet other payment wallet also comes under digital cash .

[hulla]

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.

Yes even i dint find much news in this . Digital Cash settlement not only means its crypto currency even digital wallet like bank wallet other payment wallet also comes under digital cash .

That mean you dont really read the whole article posted by the OP and the provider links either because it well stated that the banks in subject will create a digital coin which will use the blockchain but will be back by national currency and this mean they are planning to create a  centralized coin which value depend on fiat.

[justdimin]

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?

I know this can’t be true for now but not impossible because I know a time will come that naturally, with or without regulations, banks will start getting involved one after the other until it becomes a casual thing, but for now banks would not get involved in cryptocurrency  yet because we all still know their stand against it.

Let us even assume it is true, that amount will not really cause any big pump in the market  that already have a very big market capitalization like bitcoin, we are talking about 8000 BTC here, it will add its own little quota but won’t make any sharp increase, provided they pump it on one market.

If they are to share it around the coins in the market, that is really too small to step up coins of choices, but I am suspecting if it were to be true, banks will focus on investing in XRP alone which will surely cause a very big uptrend for ripple because of the small marketcap they still have compared to BTC.

[barbara44]

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?

$50 Million is not a great deal of money. I have seen many ICO's that have raised much more than that. What is however significant is that the banks are creating their own blockchain to handle settlement rather than using an existing block chain like XRP that we have been told for a long time is the coin that all the banks will be adopting. It would seem that rather than pay for someone else's overpriced coins the banks would rather mint their own.

It is true that the money is quite small, but we are using the total market capitalization to judge its effect, yea, it won’t cause any FOMO value in the total marketcap, but if they look for some small market capitalization projects to invest in, it will be a major breakthrough for such coin.

Imagine a particular coin with a market cap of $10 million, and someone coming to suddenly add $50million dollar to it at once, don’t you think the small cap coin will get a big boost? It will, and from there, FOMO might help do the rest of such project. But like you said, banks will only crate their own coin which will be more of stable coin and may not have any significant effect on the market.

[Cosbycoin]

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?

Well it depends on where the money is being inputted in the crypto market, one thing we should know is that we have so many coin in the market and this coins differs in volume, this is why it's very possible for that money to have huge impact in the crypto space especially when it's been put into a coin with low trade volume. Though it's not going to be of much impact to coins as bitcoin and ethereum because this are the coins with the largest market volume in the crypto space and a few millions of dollars can't shake that.

[trauchot]

If this is true, then this is certainly good, but it will not change anything, because 50$ million is very, very small, if banks would wanted to invest at least 50$ billion, then it would be a different matter and the cryptocurrency market would immediately grow.

[voloda1985a]

In fact, it will not give anything, since the amount is not so significant. Think about it, because it is less than 0.1% of the total capitalization...

[Akoldi_ibk]

$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.

Unless the $50 million is launched on only one or two shitcoins. But to move the bitcoin market like you said, more than that will be required.

[inanilujimi]

if this happens there will be a new whale that has a pretty strong impact if the bank invests in an altcoin but if investing in bitcoin will have no impact whatsoever.

[bvg96634]

A good information occasion, at least. The interest of large investors, who were previously quite conservative, also should not be discarded.

[Dellosoft]

If banks come into the crypto space, the crypto market cap will blow up more. Well some banks like JP Morgan has been rumoured to launch their own stable coin. This is a win win for crypto market with regards market capitalization and adoption.

[seleme]

If banks come into the crypto space, the crypto market cap will blow up more. Well some banks like JP Morgan has been rumoured to launch their own stable coin. This is a win win for crypto market with regards market capitalization and adoption.

Banks simply hate the Bitcoin and blockchain because they don't want to compete with technology that they can't control. If they can't control it they should buy it with dirty manipulations and they know the tricky psychological gaps in the human brain.

[Pet240]

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.

It is already clearly stated, even from the link provided that the banks are more than one.
Well, that is not the case, the situation is it's significance on the market, which I feel even if it is not much, there will still be some impact.

[asepsetiawan1990]

With this good news, cryptocurrency will continue to grow rapidly. And the process of adaptation to people in the real world will be faster, I think there will be many cryptocurrency industries that will continue to grow in various countries, the technology that will be adapted from cryptocurrency will provide convenience and many benefits for us all.

[starblocks]

Banks investing in block chain technology for their own unique use cases won't really do much for the cryptocurrency industry, but CBDC's will have an impact on how the market is structured in the future if they do eventually choose to issue their own digital currencies and this will likely further increase the adoption of these types of technologies

[Jpti]

People are always seeking profitable investment and the news may be true. But given the alleged tussle between banks and cryptocurrency (banks are vocal of cryptocurrency) and the volatile nature of the crypto market, I think it maybe too early to say yes to it. But gradually cryptocurrency is being accepted widely.

[Shova]

A lot of attention from both institutional investors and the individual ones. It would stirr the crypto market, though the amount is low, this coming in a short period of time would create a large buy wall increasing the price for short term and a positive speculation for the long term.

[mannybitcoins]

Crypto world is huge; it’s a world on its own. Billion of dollars are already involved in it; almost 200 billion dollars are revolving in its market. Fifty million will be like salt in flour, but everything counts. I think what is important that the banks are starting to take an interest in crypto, and this will help the market flourish more.

[FanEagle]

Depends on how they use it, if they spend it all at once to buy bitcoin than we will see a spike in bitcoin price and than anything could happen, it could continue to go up or it could have a correction and go down. However, if they spend it small by small and than sell it small by small they could potentially make a huge difference, buying 50 million dollars all at once and than selling 500k per day until you recoup and rebuying again type of method could make a whole lot of difference.

[Moeda]

Actually, many banks have been involved in Crypto's investment. But the role is still small because it only supports the purchase of Crypto with Fiat through the Bank. But when the Bank is involved in investment, of course they will find a solution to avoid losses. In this case, of course they will maintain the Crypto price so that it does not occur down.