I believe that banks will accept Bitcoin

[Cryptohunterkill]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money. I believe that this will come to pass when the major world powers officially recognizes and adopts Bitcoin, this will make a foundation for banks to stand up and integrate it into their financial system. I believe in Bitcoin .

[Gozie51]

Banks accepting Bitcoin is not the purpose of bitcoin. Bitcoin is a decentralized digital asset that has it security in open source system that everyone can view through the Blockchain. So does the bank give you access to view your balance through their computer? Except you request for bank statement or you are sent SMS alert or email.

There is no freedom using bank with bitcoin and if they are to receive Bitcoin deposit through government policy then it must be regulated. Bitcoin has the spirit of creating financial freedom for it users and I'm sure not many users will deposit their btc in banks when they can hodl directly in their non custodial wallet and transact using P2P.

[CamilaStar]

Actually, It depends on the country. Some governments used to let banks use crypto but later banned it, while others still allow it. If banks don’t accept Bitcoin, it shows that Bitcoin was made for people to use directly with each other P2P, not through banks or other third parties.

[Z-tight]

I believe in Bitcoin .

I am not so sure about that, you cannot believe in BTC, yet you want people to store their BTC in the bank, in a centralized system. It is already bad that people store their funds in centralized exchanges and other custodial services. The right way to store your BTC is in your self custodial wallet, be your own bank.

If banks don’t accept Bitcoin, it shows that Bitcoin was made for people to use directly with each other P2P, not through banks or other third parties.

That's not true. The actions of the bank does not determine anything, that's why there is the BTC whitepaper. In it you can clearly understand the purpose of BTC, to be a p2p electronic cash, you don't need any centralized system to open your eyes to that, you surely don't.

[Die_empty]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money. I believe that this will come to pass when the major world powers officially recognizes and adopts Bitcoin, this will make a foundation for banks to stand up and integrate it into their financial system. I believe in Bitcoin .

I also believe that in the future, banks will be authorised to offer Bitcoin exchange and custodian services. But I am okay with banks handling my fiat; let me handle my Bitcoin. The benefit of buying and hodling Bitcoin exceeds financial gains. 

Banks accepting Bitcoin is not the purpose of bitcoin. Bitcoin is a decentralized digital asset that has it security in open source system that everyone can view through the Blockchain. So does the bank give you access to view your balance through their computer? Except you request for bank statement or you are sent SMS alert or email.

There is no freedom using bank with bitcoin and if they are to receive Bitcoin deposit through government policy then it must be regulated. Bitcoin has the spirit of creating financial freedom for it users and I'm sure not many users will deposit their btc in banks when they can hodl directly in their non custodial wallet and transact using P2P.

You have a good point. But there are people who would prefer using third parties for crypto transactions. We saw the attraction Bitcoin ETF brought to the market. They don't care about privacy or decentralization and also don't want to take responsibility. Their focus is profit-making, nothing more. Keeping their private keys safe looks like a Herculean task to them and don't want to learn anything about Bitcoin operations.

[sokani]

We've actually passed the stage of believing because banks are already doing it. Although, it depends on the country. In the US, banks can do more than hold crypto assets. They can also trade it on behalf of their clients:

https://cointelegraph.com/news/occ-allows-banks-handle-customer-crypto-assets-held-in-custody

As catchy as it might sound, I wouldn't keep my funds on any centralized platform, and I prefer to be my own bank.

[Reatim]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money.

yes i believe this will come eventually but there will still be a distinction still between fiat and cryptocurrencies because no matter how much people use cryptocurrencies on the daily, there is still a difference between that and fiat and banks know it best because they are the ones who make these money and crypto is something they don't make so in the near future they will probably have different programs for customers who will deposit fiat and those who will deposit crypto

well anyway why would you want to deposit crypto in a bank? you can hold it in a wallet all on your own

[Bastketsrus]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money. I believe that this will come to pass when the major world powers officially recognizes and adopts Bitcoin, this will make a foundation for banks to stand up and integrate it into their financial system. I believe in Bitcoin .

That’s an optimistic view, and it’s possible banks may eventually adapt if global recognition grows. But even if they don’t, Bitcoin already works perfectly without them—its real strength is in giving people the choice to transact freely outside the traditional system.

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money.

yes i believe this will come eventually but there will still be a distinction still between fiat and cryptocurrencies because no matter how much people use cryptocurrencies on the daily, there is still a difference between that and fiat and banks know it best because they are the ones who make these money and crypto is something they don't make so in the near future they will probably have different programs for customers who will deposit fiat and those who will deposit crypto

well anyway why would you want to deposit crypto in a bank? you can hold it in a wallet all on your own

Exactly, even if banks eventually adopt Bitcoin, it’ll never be the same as fiat since they don’t control its supply. And honestly, one of Bitcoin’s biggest advantages is self-custody—you don’t really need a bank to store what you can safely hold in your own wallet.

[Rruchi man]

...people need to be given freedom to deposit their BTC directly  just like the regular money.

Even in the future, the banks may not treat bitcoin the same way as regular money, where they will now accept direct deposits in bitcoin. There may likely be some services and things customers can do with Bitcoin, but the banks will be selective. The banks will be experiencing low activities with their customers, as many will switch to self-custody. I feel the banks will have to do this because their existence and relevance will be at stake and threatened if they don't find a way to coexist with Bitcoin that will be taking over.

[SmartGold01]

Banks accepting Bitcoin doesn't give direct freedom to what Bitcoin is portraying, in fact there is no connection between bank accepting Bitcoin or making deposits directly to banks, this is not about the freedom. The freedom that is being preached is about making your transaction at your convenient time without the aids of any third party to intrude on your transaction. Freedom is having total control of your money, assets or whatever without even banks or governments controlling your assets or money in your possession. This is the freedom, but when you talks about bank, yes through bank you could be able to funds your exchange account to buy Bitcoin or through bank you would be able to transfer money to another to buy Bitcoin through p2p or any medium which could allow you to have access to digital currency.

[Catenaccio]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money. I believe that this will come to pass when the major world powers officially recognizes and adopts Bitcoin, this will make a foundation for banks to stand up and integrate it into their financial system. I believe in Bitcoin .

You believe in two things.
Believe in Bitcoin.
Believe in a future that banks will accept Bitcoin.

That is all good but what you will do from now. The future when banks globally accept Bitcoin will be a very bullish future for Bitcoin and if you can take advantage of it from now until that future, you will get a lot of profit with your investment in Bitcoin.

You have good vision about Bitcoin future and it's your advantage against other newbies, but now it's time to take action and convert this advantage to Bitcoin accumulation, holding and get profit in the future.

[betswift]

You believe in two things.
Believe in Bitcoin.
Believe in a future that banks will accept Bitcoin.

That is all good but what you will do from now. The future when banks globally accept Bitcoin will be a very bullish future for Bitcoin and if you can take advantage of it from now until that future, you will get a lot of profit with your investment in Bitcoin.

You have good vision about Bitcoin future and it's your advantage against other newbies, but now it's time to take action and convert this advantage to Bitcoin accumulation, holding and get profit in the future.

The more time passes - the more BTC is being demanded and adopted in the overall system.

Eventually, it will be accepted by many more institutions.

[cryptomaniac_xxx]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money. I believe that this will come to pass when the major world powers officially recognizes and adopts Bitcoin, this will make a foundation for banks to stand up and integrate it into their financial system. I believe in Bitcoin .

Banks are centralized system, and they don't like Bitcoin to be used as sound money as obviously they think of it as a competition. And for those who doesn't like bank or have been un-bank, obviously the answer for them is Bitcoin.

So not sure how banks are going to accept Bitcoin though, and I don't know why you think you will have your freedom under the control of bank. Bitcoin itself is already a financial system, there is no need to have a middle man like banks in order for us to flourished in the future.

[hero_the_bossman]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money. I believe that this will come to pass when the major world powers officially recognizes and adopts Bitcoin, this will make a foundation for banks to stand up and integrate it into their financial system. I believe in Bitcoin .

Banks are centralized system, and they don't like Bitcoin to be used as sound money as obviously they think of it as a competition. And for those who doesn't like bank or have been un-bank, obviously the answer for them is Bitcoin.

So not sure how banks are going to accept Bitcoin though, and I don't know why you think you will have your freedom under the control of bank. Bitcoin itself is already a financial system, there is no need to have a middle man like banks in order for us to flourished in the future.

Even if they will accept it, it's not worth it.

Banks are, as you said - the arm of the govs. We don't need to give them our BTCs, especially for the custody.

[NewRanger]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money. I believe that this will come to pass when the major world powers officially recognizes and adopts Bitcoin, this will make a foundation for banks to stand up and integrate it into their financial system. I believe in Bitcoin .

It's better, as our seniors have suggested above, to simply become a full owner, as that's better. Banks simply want their cash inflows to increase and be recorded by the central bank, which is a plus for them, meaning they're consciously attracting new customers to deposit their assets with them. Potential problems with large withdrawals will undoubtedly involve numerous questions and verification, which is certainly inconvenient for customers.

[Marykeller]

I am very sure that one day, traditional Bank will begin to accept Bitcoin as a legit medium of exchange, people need to be given freedom to deposit their BTC directly  just like the regular money. I believe that this will come to pass when the major world powers officially recognizes and adopts Bitcoin, this will make a foundation for banks to stand up and integrate it into their financial system. I believe in Bitcoin .

Banks accepting Bitcoin are all in the future. Still, when that time comes, we will know how to deal with it. To gladly accept or let it go of it, to stick to no party involvement in our Bitcoin transactions. It's gonna be our choice to choose. I believe no one would be forcing anyone to trade with the banks; instead, it's all a choice to choose the one more suitable ''banks or no party involvement"

[melinoe]

It's better, as our seniors have suggested above, to simply become a full owner, as that's better. Banks simply want their cash inflows to increase and be recorded by the central bank, which is a plus for them, meaning they're consciously attracting new customers to deposit their assets with them. Potential problems with large withdrawals will undoubtedly involve numerous questions and verification, which is certainly inconvenient for customers.

That's why we should avoid them or make our transactions smaller in scale (if possible) if we use them at all, not to have to deal with that bureaucracy from the old world.

[LogitechMouse]

Re: I believe that banks will accept Bitcoin

Well, they can just accept it anytime they wanted to. I mean they will benefit from it as they will earn transaction fees from every transaction. Aside from that, large financial firms like Blackrock and Fidelity are already offering Bitcoin-related products to their customers, and these traditional banks will also do the same as well.

Now the question is that if you're an investor, will you store your Bitcoin on their system knowing that they can just use those Bitcoins to loan it out to other people if they want to just like what they're doing with our own fiat currency? Of course we don't want to because that already losses our power to control our own assets, and I'm pretty sure many of us here don't want that to happen. They can just accept it, but I'm afraid that no or there will be only few people that will try and deposit or at least make a Bitcoin-related transaction with banks on the middle. Kind of ironic isn't it that Bitcoin has created to get rid of third-party services like banks when doing a transaction.

I guess it would be better for them to just create their own stablecoin if they want to integrate cryptocurrency into their current system.

[betswift]

Re: I believe that banks will accept Bitcoin

Well, they can just accept it anytime they wanted to. I mean they will benefit from it as they will earn transaction fees from every transaction. Aside from that, large financial firms like Blackrock and Fidelity are already offering Bitcoin-related products to their customers, and these traditional banks will also do the same as well.

Now the question is that if you're an investor, will you store your Bitcoin on their system knowing that they can just use those Bitcoins to loan it out to other people if they want to just like what they're doing with our own fiat currency? Of course we don't want to because that already losses our power to control our own assets, and I'm pretty sure many of us here don't want that to happen. They can just accept it, but I'm afraid that no or there will be only few people that will try and deposit or at least make a Bitcoin-related transaction with banks on the middle. Kind of ironic isn't it that Bitcoin has created to get rid of third-party services like banks when doing a transaction.

I guess it would be better for them to just create their own stablecoin if they want to integrate cryptocurrency into their current system.

It has come full circle, so to speak - from wanting to be out of the traditional system to traditional systems themselves clinging to using BTC for themselves.

Alas, it's not prohibited for them, but I definitely agree here.

[Luzin]

We've actually passed the stage of believing because banks are already doing it. Although, it depends on the country. In the US, banks can do more than hold crypto assets. They can also trade it on behalf of their clients:
https://cointelegraph.com/news/occ-allows-banks-handle-customer-crypto-assets-held-in-custody
As catchy as it might sound, I wouldn't keep my funds on any centralized platform, and I prefer to be my own bank.

There are no central regulations governing this, so countries have the right to make regulations in accordance with government regulations. Some countries may accept it, while others may reject it. I won't think too seriously about that. But I am happy with the current situation, where regulations do not prohibit Bitcoin from being used as a commodity. At some point, if banks accept it, that's fine, but fundamentally I will never entrust my assets to another party. I will never use government services related to crypto assets because I don't trust them.