Banks offering investing in Bitcoin

[Bitcoin_people]

Currently, banks are mainly authorized to invest in Bitcoin. We have seen that at one time banks had to work against Bitcoin but could not suppress Bitcoin which is why they are now interested in investing in Bitcoin. But now bitcoin has gained so much popularity that it is easy to do transactions by bitcoin in almost all cases and payments are done by crypto from banks. Since central banks currently accept Bitcoin and can make money by investing in Bitcoin, we can have more confidence in Bitcoin. Because investing in bitcoins is not risky but it will be profitable if you hold it for a long time. And the offers that the banks currently make to traders are good but it is hard to say whether they will enter the market with the intention of making a profit, but the banks are currently investing in Bitcoin and they are making a profit.

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[gunhell16]

Maybe that's not surprising, we know that there will be an opportunity like that when a bank can no longer afford what for them is a heavy competitor, their last option is to ride the trend so they don't go bankrupt or sink into the late

Because other banks think that they are competing with Bitcoin or cryptocurrency, others don't know that Bitcoin or cryptocurrency can actually help their business, it's actually a win-win solution for them.

[bayu7adi]

~

Banks do not primarily function as investors; however, they do extend opportunities to their clients keen on venturing into the realm of Bitcoin investments. The pivotal question, though, revolves around whether the bank itself genuinely intends to pave the way for clientele interested in Bitcoin investments, or if it merely aspires to uphold a centralized role in orchestrating the flow of client activity concerning Bitcoin investment.

Naturally, none of us would relish the prospect of the bank assuming a tertiary position, especially given its history of frequently casting shadows over Bitcoin. In fact, in most parts of the world, banks have yet to fully embrace Bitcoin.

Should a bank opt to invest in Bitcoin, it might not pose a significant quandary. The true concern emerges if the bank chooses to monetize its clients' investment activities.

[svgisawmn]

Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?

Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.

What do you guys think, should banks even be in 'the game'?

Well, BTC is highly volatile, so I don't think it's a good idea, otherwise you plan to hold it. However, I'm not a big fan of banks. So, my answer is no

[Prestongold]

Currently, banks are mainly authorized to invest in Bitcoin. We have seen that at one time banks had to work against Bitcoin but could not suppress Bitcoin which is why they are now interested in investing in Bitcoin. But now bitcoin has gained so much popularity that it is easy to do transactions by bitcoin in almost all cases and payments are done by crypto from banks. Since central banks currently accept Bitcoin and can make money by investing in Bitcoin, we can have more confidence in Bitcoin. Because investing in bitcoins is not risky but it will be profitable if you hold it for a long time. And the offers that the banks currently make to traders are good but it is hard to say whether they will enter the market with the intention of making a profit, but the banks are currently investing in Bitcoin and they are making a profit.

as at today we have bank who use cryptocurrency and are known as crypto friendly bank these banks allows their customers to engage in such activities of buying and selling and holding cryptocurency transaction and related activities for a long time majority of established  organization such as bank and corpration and government viewed cryptocurrency and blockchain with skepticism but today the reverse is the case

[Ricardo11]

Yes Bitcoin is the best option for investment. Because long-term investment in Bitcoin offers high returns. Also Bitcoin is going to get rich again i.e. it will make ATH value of 100k so I think investing in Bitcoin is the best investment option now.

[1miau]

@OP, you need to remember that Bitcoin was designed that it can't be changed by banks and banks buying or offering Bitcoin doesn't change anything in Bitcoin's functionality.
Important is to keep your coins off exchanges, note down your private key and if so, it's your Bitcoin and you can spend it whenever you like. Important is to have your private key.

What do you guys think, should banks even be in 'the game'?

Banks trying to gain something from Bitcoin is just what would happen normally anyways. Everyone will try to profit from Bitcoin and that's also a good thing (game theory). Even if someone doesn't like Bitcoin at all, it's profitable to hold. And after all, profits are important for banks or investors.

[Renampun]

Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?

Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.

What do you guys think, should banks even be in 'the game'?

because the main goal of banks is to pursue profits, it is possible that they have other intentions behind bitcoin, currently the growth of bitcoin users every day is quite large besides user growth, the velocity of money in bitcoin trading is also very large every day and banks must see this phenomenon as something they can't miss, instead of fighting something that can't be stopped, why not use it to attract support to attract more profits (that's their plan imo), in the future we don't know what will happen, currently many banks reserve gold in their vaults, maybe later they will reserve bitcoin in their private wallets.

[StreakW]

Yes Bitcoin is the best option for investment. Because long-term investment in Bitcoin offers high returns. Also Bitcoin is going to get rich again i.e. it will make ATH value of 100k so I think investing in Bitcoin is the best investment option now.

I agree with you that Bitcoin is the best investment. Basically I am interested in almost all types of investment including bitcoin. Specifically, I initially bought bitcoin for short-term daily trading and had not thought about the long term. However, the drop in bitcoin prices at that time forced me to suffer serious losses. However, with full confidence I waited for the price of bitcoin to rise and considered the loss at that time as an investment risk. And when this was all proven, I made a lot of profit when the price of bitcoin rose sharply unexpectedly.

So the reason I was interested in bitcoin was at first to try it, but I was quite confident about bitcoin's prospects in the future.

[DaNNy001]

Maybe that's not surprising, we know that there will be an opportunity like that when a bank can no longer afford what for them is a heavy competitor, their last option is to ride the trend so they don't go bankrupt or sink into the late

Because other banks think that they are competing with Bitcoin or cryptocurrency, others don't know that Bitcoin or cryptocurrency can actually help their business, it's actually a win-win solution for them.

Later this saying will eventually be the order of the day @if you can't beat them you join them. The opportunity that Bitcoin bring to the business world is certainly enormous and only those that are smart enough can know this and utilitize the opportunity that it present. Some bank are actually aware and willing to let go of the ego and straps in to the wonderful opportunity that Bitcoin can give to their business.

[boty]

I agree with you that Bitcoin is the best investment. Basically I am interested in almost all types of investment including bitcoin. Specifically, I initially bought bitcoin for short-term daily trading and had not thought about the long term. However, the drop in bitcoin prices at that time forced me to suffer serious losses. However, with full confidence I waited for the price of bitcoin to rise and considered the loss at that time as an investment risk. And when this was all proven, I made a lot of profit when the price of bitcoin rose sharply unexpectedly.

So the reason I was interested in bitcoin was at first to try it, but I was quite confident about bitcoin's prospects in the future.

If we are new to Bitcoin and we trade, of course it will be very difficult for us to make a profit from the trading we do, but it would be better for us to hold it for a long period of time to be able to get a profit from the investment we make in Bitcoin and We can also use the strategy we like in collecting Bitcoin and we must be able to do it consistently.

Really, you have had a good experience in getting to know Bitcoin and it has also been a lesson for you not to repeat the mistakes you have made, when you believe Bitcoin is a good investment for you then you will not be influenced by anything in holding Bitcoin as a long-term investment long you do and you can also enjoy the benefits of the investment.

[strunberg]

Well, BTC is highly volatile, so I don't think it's a good idea, otherwise you plan to hold it. However, I'm not a big fan of banks. So, my answer is no

I agree with you. That's not a good idea, unless the bank becomes an exchange that profits from transactions within it. But I also think it's still not good because banks have centralized finance combined with a decentralized financial system whose prices are controlled by the market. So I think what makes the most sense is to create a new, different company to run the business.