This could be the biggest news in 2022

[Majestic-milf]

Crypto holding company by the name of Bitcoin Group are on the move to buy the world oldest bank for approximately 15 million dollars .

The name of the bank is Bankhaus von der Heydt which was founded in 1754, the deal is already signed but the reason for this post is to understand where this is going.

Banks aren't ready to buy Bitcoin but now Bitcoin is buying bank? This is the most mind-blowing news of the year, I don't know about you guys. Here you go if you want to read more

https://cryptoslate.com/bitcoin-group-set-to-acquire-germans-oldest-bank-for-over-15m/

It is a positive step by the group and this intended acquisition would be the second deal they'd be sealing if at the end of the day, they don't change their minds, although such a purchase would see them become controllers of one the oldest banks in Germany and hence further increase Bitcoin adoption over there in my opinion.
 
 Well just as the op has stated his skepticism, I'm also of the opinion as to where Bitcoin Group is going with this since this bid has been on since last year at the time when the asking price was $19.6m.

[1714312796]

1714312796

[1714312796]

1714312796

[1714312796]

1714312796

[goldkingcoiner]

Crypto holding company by the name of Bitcoin Group are on the move to buy the world oldest bank for approximately 15 million dollars .

The name of the bank is Bankhaus von der Heydt which was founded in 1754, the deal is already signed but the reason for this post is to understand where this is going.

Banks aren't ready to buy Bitcoin but now Bitcoin is buying bank? This is the most mind-blowing news of the year, I don't know about you guys. Here you go if you want to read more

https://cryptoslate.com/bitcoin-group-set-to-acquire-germans-oldest-bank-for-over-15m/

This is nowhere near "biggest news of 2022". I did read about this a few days ago and it was nothing special. 15 Million dollars are a teeny tiny blimp and the bank itself had nothing going for it except its reputation of being very very old. So there is absolutely no need to start connecting things that are not there in order to build up a large conspiracy theory which ends up being a giant nothing-burger.

If anything the gesture was symbolic or a bad investment decision. It has got to be one of those two things, I believe.

[Mauser]

Crypto holding company by the name of Bitcoin Group are on the move to buy the world oldest bank for approximately 15 million dollars .

The name of the bank is Bankhaus von der Heydt which was founded in 1754, the deal is already signed but the reason for this post is to understand where this is going.

Banks aren't ready to buy Bitcoin but now Bitcoin is buying bank? This is the most mind-blowing news of the year, I don't know about you guys. Here you go if you want to read more

https://cryptoslate.com/bitcoin-group-set-to-acquire-germans-oldest-bank-for-over-15m/

Oh I must have missed that news, even though it's happening right under my nose. Never heard this bank name before to be honest. It seems to be some a very small investment bank that operates in the areas of Private Equity, Merges & Acquisitions and crypto currencies. With a 15m purchase price the bank can't be too large, even though they seem to be having offices in Munich and Luxembourg. Now I am wondering if they also have traditional banking business where a lot of consumers have their bank account their and deposit money, or if it's mostly a specialised bank. Acquiring a bank that is highly specialised and operates in some areas like cryptos is a good. What I don't like would be for crypto companies to acquire large consumer banks that hold all the fiat money. Crypto currencies where designed to be decentralised and an alternative to traditional banks, now becoming the banks themselves would be wrong.

[kro55]

Crypto holding company by the name of Bitcoin Group are on the move to buy the world oldest bank for approximately 15 million dollars .

The name of the bank is Bankhaus von der Heydt which was founded in 1754, the deal is already signed but the reason for this post is to understand where this is going.

Banks aren't ready to buy Bitcoin but now Bitcoin is buying bank? This is the most mind-blowing news of the year, I don't know about you guys. Here you go if you want to read more

https://cryptoslate.com/bitcoin-group-set-to-acquire-germans-oldest-bank-for-over-15m/

In all honesty, it's not the biggest or most notable news because if this were big news, then it would definitely affect the price of bitcoin. In my opinion, the news that crypto companies are buying traditional banks or traditional companies is not so new and special. Also this year, Binance also plans to acquire banks with the aim of making banks and cryptocurrencies more friendly to each other and more convenient for investors.

[Freddie Boyer]

I think this trend is likely to increase in the future, especially if more ties can be built between Bitcoin and traditional currencies. We'll have to see how this first investment pans out before we fully understand the ramifications, but it looks like a promising step towards mainstream adoption.

[Reid]

The takeover of Bankhaus von der Heydt will see the Bitcoin Group own two banking licenses from Germany

Took the quoted sentence from the link. It's not the bank itself but the license only. It's not a bad move considering they got it for a cheap price, but the next move seems cloudy for me. What is the purpose of doing this and what is their future goals.
They must be recognized first if they will be accepting cryptocurrencies in their banks. There will be attacks that will happen and I hope they are ready for it, private banks or the government themself.
It's not the biggest news but it's good for a crypto enthusiast.

[Yawa2020]

Took the quoted sentence from the link. It's not the bank itself but the license only. It's not a bad move considering they got it for a cheap price, but the next move seems cloudy for me. What is the purpose of doing this and what is their future goals.
They must be recognized first if they will be accepting cryptocurrencies in their banks. There will be attacks that will happen and I hope they are ready for it, private banks or the government themself.
It's not the biggest news but it's good for a crypto enthusiast.

It is still a biggest news though. From the beginning of this year, I have not seen or heard of something interesting as this. Seeing banks liaising with crypto currency groups is a big win for crypto enthusiasts in general. We can not tell the motive behind this for now but it would eventually be in the favor of crypto minded.

[Cryptomultiplier]

Crypto holding company by the name of Bitcoin Group are on the move to buy the world oldest bank for approximately 15 million dollars .

With the recession knocking at our doors, it's not unusual to see banks that don't do great, especially as the banking system is known to be slow in adapting to changes (including adapting to Bitcoin).
And if it costed only 15 million, I'd guess it's a very small bank.

I don't think that Bitcoin Group went after the history of the bank, although salvaging a name that old is a nice gesture after all, I think that they went after the banking licenses.
However, I don't deny it, bitcoiners buying a bank is a news I do like (even if it's not really in the spirit of Satoshi's white paper, but maybe we'll get there too someday...)

The license is clearly one of the goals intended to be achieved by the purchase. I think Bitcoin in all its sense is still targeting ways of which to show the world of the intention to stay and be better. It is the idea that is making most countries accept its use, while some rather shyly still use its services. I have also read of Bitcoin city built and also ATMs which is also a structural proof of its existence and plans for the future.
The future of this purchase however will be revealed in time, unless it is just a hoax.

[bangjoe]

And $15 million for a bank is dirt cheap if you ask me.  I wonder if their crypto business somehow got them into trouble financially.  Interesting, but the title of this thread is pure clickbait.

This is indeed too cheap for a bank that has been established for a long time, I am curious about this, is Von Der Heyd's bank having problems internally? or indeed they have debts so they are forced to sell, this will raise a lot of questions in my opinion.
It's also possible that Bank von der Heyd isn't worth as much as $15 million.
But it doesn't matter, about the price and valuation of the bank, the important thing is that the Bitcoin group in Germany acquires a bank that is hundreds of years old, will this be an indicator of the movement of Bitcoin adoption in Germany, maybe very positive about that.

[Falconer]

But it doesn't matter, about the price and valuation of the bank, the important thing is that the Bitcoin group in Germany acquires a bank that is hundreds of years old, will this be an indicator of the movement of Bitcoin adoption in Germany, maybe very positive about that.

Not bitcoin group in the general sense, but a company that calls itself a Bitcoin Group and of course the two are different.
The acquisition might be something positive for adoption growth, but I don't know exactly how legal crypto is in Germany. If the German government legalizes crypto, then of course they will also give permission for adoption to the acquired bank. But whatever it is, I don't think this is as big news as the adoption of Brazilian bitcoin as legal tender which has been approved by law.

[so98nn]

Really, just 15 millions. Looks like micro finance bank. With the current era and the market valuations 15 million for bank is literally cheapest deal in the history. I mean big businesses take that much credit loans for their CC accounts and you telling us they bought entire bank with just 15 million bucks. 
Bitcoin group might have made nicest move while making this deal and definitely best men were at work on that day.

Looking at the news it seems they only had limited 150,000 shares. This means the price per share was only $100?

I think that makes sense why it was completely bought.

Good example if you compare with the crypto coins. For example, no single person can own entire bitcoin economy because it is distributed ledger (public) and its almost next to impossible to be owned by one person.

Because in todays date if someone wants to buy 100% share of the Bitcoin then they will need to pay $ 329,596,623,538 USD. 

[Gyfts]

1.This might be fake news.
2.Bitcoin isn't "buying" banks. A company called "Bitcoin Group" is supposedly trying to buy a bank. The company might be called "Bitcoin Group" but that doesn't mean anything(it doesn't necessarily mean that this is a crypto company). You could name your company "Bitcoin" or "Satoshi" and offer fiat financial services at the same time.
3.Who cares if this is the oldest bank in the world? I couldn't care less, even if this bank was founded in 1135 or 1066.

Well, I hope more Crypto companies will start doing the same.... because we see more and more Banks pushing back and some even blocking people's Bank accounts, when they find out that they are using their Bank accounts to buy Crypto currencies.

We need to buy the Banks, if they do not want to work with us.... We need "Bitcoin friendly Banks" that will take clients away from Banks that wants to sabotage us. 

No bank can be "Bitcoin friendly" without the permission of the central bank and the government. Good luck trying to run a "Bitcoin friendly" bank.

A bank's more than welcome to hold crypto assets if it wants, unless they live in dictatorship hell hole with a complete ban on private enterprise. But realistically, the banks have shunned Bitcoin because it's not a profitable enterprise for them in the immediate short term. It's easy to take liquid capital and invest in into other assets that might give them a more predictable return. I don't think governments are incentivized yet to tell the major financial institutions that they can't keep crypto in their holdings.

[DrBeer]

True, fake, small bank or large - it does not matter. Another thing is important - the crypto world is isolated from the real / fiat world. And he cannot "stew in his juice". Virtual assets must be converted into fiat so that everything in the real world is available to you - from a bottle of water to buying a house! In the crypto world, this is almost unrealistic, or these are isolated cases, and more an exception than practice.
Therefore, exchanges, large funds, will buy banks to turn them into a kind of gateway for communication between two parallel worlds

[MoonOfLife]

Took the quoted sentence from the link. It's not the bank itself but the license only. It's not a bad move considering they got it for a cheap price, but the next move seems cloudy for me. What is the purpose of doing this and what is their future goals.
They must be recognized first if they will be accepting cryptocurrencies in their banks. There will be attacks that will happen and I hope they are ready for it, private banks or the government themself.
It's not the biggest news but it's good for a crypto enthusiast.

It is still a biggest news though. From the beginning of this year, I have not seen or heard of something interesting as this. Seeing banks liaising with crypto currency groups is a big win for crypto enthusiasts in general. We can not tell the motive behind this for now but it would eventually be in the favor of crypto minded.

It is not big news, if it is big news like OP said, then the market will react positively to this news. The news was barely mentioned in the media, and the 15 million figure was too small to make any impact. The acquisition of banks by crypto companies does not happen much, but the acquisition of traditional companies by crypto companies is not new.

[o48o]

Crypto holding company by the name of Bitcoin Group are on the move to buy the world oldest bank for approximately 15 million dollars .
The name of the bank is Bankhaus von der Heydt which was founded in 1754, the deal is already signed but the reason for this post is to understand where this is going.
Banks aren't ready to buy Bitcoin but now Bitcoin is buying bank? This is the most mind-blowing news of the year, I don't know about you guys. Here you go if you want to read more
https://cryptoslate.com/bitcoin-group-set-to-acquire-germans-oldest-bank-for-over-15m/

I don't want to cancel the parade, but Kraken got their banking license 2 years ago so i don't see the fuss.
And if someone can buy a bank with $15M that doesn't seem like very profitable bank to begin with. But obviously more banks that are crypto friendly is all better for crypto adoption.

Just manage your expectations as banks don't make the AML laws. Meaning that this bank won't be bending rules but follow the rules by the book and is part of the surveillance too.

[tygeade]

True, fake, small bank or large - it does not matter. Another thing is important - the crypto world is isolated from the real / fiat world. And he cannot "stew in his juice". Virtual assets must be converted into fiat so that everything in the real world is available to you - from a bottle of water to buying a house! In the crypto world, this is almost unrealistic, or these are isolated cases, and more an exception than practice.
Therefore, exchanges, large funds, will buy banks to turn them into a kind of gateway for communication between two parallel worlds

I have to say it's going to be not an impossible thing for too long. We are already using debit crypto cars if you seen it or not I do not know. That means you put your crypto somewhere, and then you use your card to buy something and with that you end up with a regular debit card type of stuff where you can buy anything from bottle of water to a house, even the bank itself, because there is no limit to crypto.

However, it's a bit about how that's not spread yet, it is not available in most nations too, if we could end up working towards making sure this works then we are not going to end up with any problems at all if everyone has one and everyone accepts it.

[Fortify]

Crypto holding company by the name of Bitcoin Group are on the move to buy the world oldest bank for approximately 15 million dollars .

The name of the bank is Bankhaus von der Heydt which was founded in 1754, the deal is already signed but the reason for this post is to understand where this is going.

Banks aren't ready to buy Bitcoin but now Bitcoin is buying bank? This is the most mind-blowing news of the year, I don't know about you guys. Here you go if you want to read more

Possibly some of the dullest and most irrelevant news really - certainly nowhere near the biggest story of 2022. We see FTX collapsing after losing $8 billion worth of customer funds due to incompetence and fraud, helping drag down crypto assets to new lows, that's a huge story. This is just a marketing gimmick that doesn't change the landscape at all. People are using their bank accounts to buy bitcoin for over a decade now, banks are fully in the loop and helped to fund the bitcoin boom from day one - they just don't want any direct exposure to the asset. They leave that to their investment arms or special hedge funds that are segregated, as they have a responsibility to stay stable and protect their customer deposits.

[Outhue]

This is crazy, Bitcoin group buying a Fiat bank? It doesn't make sense to me, what are you expecting from this move OP? I don't believe that a local bank can go decentralized, Bitcoin group don't understand the real reason why Bitcoin come into existence it seems.

This is nothing but a waste of money and misuse of power from the group

[karmamiu]

True, fake, small bank or large - it does not matter. Another thing is important - the crypto world is isolated from the real / fiat world. And he cannot "stew in his juice". Virtual assets must be converted into fiat so that everything in the real world is available to you - from a bottle of water to buying a house! In the crypto world, this is almost unrealistic, or these are isolated cases, and more an exception than practice.
Therefore, exchanges, large funds, will buy banks to turn them into a kind of gateway for communication between two parallel worlds

That sounds like something straight out of the picture book but that also has a point. Although it could be said that both worlds are different but they are also somehow connected. I also agree with the idea that crypto needs to buy the banks for them to push forward and also to make changes and example. As of now although there're virtual reality estates or NFTs but most people aren't into that kind of thing on which physically they cannot benefit.

[Wong Gendheng]

Good news that will make Crypto more popular and have a strong position, this is an active and effective promotion, the oldest bank in Germany has been bought by a crypto company and this will make people more open and I'm sure it will bring a big impact. Hopefully other purchases such as stadiums, football clubs and so on will happen again.