STEADILY STEPPING UP THEIR GAME

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To the purist of crypto and blockchain, you may believe that bank in general are against all forms of crypto like bitcoin, etc... Sometimes I think the same way since the majority of holders do not have a good intention of the banking system. It makes sense for a time to think that way. All the mess we have in the financial world have to do with part of the banking behavior with state involved. This year alone the race is in high note where Banks are running to establish a path to serve their customer in crypto.

No need to go far. El Salvador is a prime example by making BTC a legal tender like the dollar. Off course the banking system will benefit greatly from this assertion. Moving the line thinking of China behavior with mining, you see the direct clash from BTC mining to digital Yuan that is getting tried everywhere. All this is happening the banks are at the center of it. It is hard to really pick and chose in China. One thing is for sure they are pushing somehow the acceptance of blockchain with the bank. One issue I have with this practice, not sure if digital yuan will be useful elsewhere except China.

BBVA is opening a trading desk for some investors to the risk of crypto. This is not big of a news cause all over US, the big financial arms are doing the same for accredited investors. With that in
mind they are entering the same market they shunned couple years ago. A lot was said about losing their lunch money. Actually they pick up fast where they see the market is going. Coinbase is an example to see how powerful crypto will become. I do not own a Coinbase share but if you truly believe in crypto, this is a company worth watching. According to value in place they are worth $47+ billion.

source Taking into account how the whole crypto will become, the real value remains with the holders. Banks will facilitate the way they always do. There will be a majority that will think the bank is the way. Be your own bank concept only apply to a few good ones. For crypto to thrive where abundance will flourish, the hard money has to come from the institutions. This group will evolve to penetrate and water down this volatility we see today.

While the banks, institutions, states are putting crypto on the radar, we see the price still acting up. Their main focus is all about making a profit. They are moving the price as well. Having BTC in the balance sheet does help a company like #microstrategy. This trend cannot compare with the banks getting in the game to make profit. Goldman Sachs market valuation is around $118+ billion while BTC at $600+ billion. You do not need to be a financier to see this opportunity in front of your eyes. As you can see they are using for liquidity another company to get ahead. It is now when the cascade will happen.

This momentum is about to get really serious going through 2022. Institutions are just getting started. Before you know , it will be a place where a few will be able to comprehend. Thanks to the myriad of crypto blockchain out there. While the banks are making their move, it is clear the game will favor big pockets. The rising notion will happen in the same 24 hours we all live in. Take advantage where it is possible and be an asset for your surroundings.