Topic: Expert: Banks are Enthusiastic Towards Crypto, Waiting for Regulators to Invest (Read 571 times)
December 01, 2018, 02:29:56 AM
If cryptocurrency regulated by government as new investment instrument, i am believe more big financial institution will come to cryptomarket. Crypto market have a bright future and its digital asset and its secure. If crypto regulated, i am believe investor will more confident and crypto market cap value will rising
November 30, 2018, 06:01:20 PM
They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.
Another point we are missing out, this news and these people who said they are enthusiastic towards crypto said so before all of this 10-11 days of bear marathon happened. Do they still think the same? I mean of course it is easy to love bitcoin which has been low for 10 months now and favoring it to go up and being excited about it. It is not as easy now that the price dropped significantly and has been doing crazy volatile stuff. I am not too sure if banks are still feeling the same about bitcoin considering their amounts are (combined by all banks) can reach to tens of billions of dollars poured into this whereas our volume is only 2 billion. It is not smart to get into a market when you can destroy it when you want to get out. Banks will probably not take that chance. Will wait until the volume is higher.
November 28, 2018, 08:50:04 AM
They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.
Another point we are missing out, this news and these people who said they are enthusiastic towards crypto said so before all of this 10-11 days of bear marathon happened. Do they still think the same? I mean of course it is easy to love bitcoin which has been low for 10 months now and favoring it to go up and being excited about it. It is not as easy now that the price dropped significantly and has been doing crazy volatile stuff. I am not too sure if banks are still feeling the same about bitcoin considering their amounts are (combined by all banks) can reach to tens of billions of dollars poured into this whereas our volume is only 2 billion. It is not smart to get into a market when you can destroy it when you want to get out. Banks will probably not take that chance. Will wait until the volume is higher.
November 28, 2018, 06:08:23 AM
No wonder Goldman Sachs, Citigroup, and Morgan Stanley are developing the infrastructure to use and serve crypto. In this year of 2018, many events have already happened on the cryptography market that “say” that cryptography is a future that has already arrived.
November 28, 2018, 05:52:23 AM
They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.
Too right. Banks are not operated based on some morale code, they serve only one thing and that is their shareholders. All shareholders really care about is profit. Banks will have realized long enough ago that if crypto is adopted then it challenges their current business model. Now it's just common sense for them to try and have skin in the game, or a slice of the pie than sticking to their current business model and becoming obsolete.
November 28, 2018, 05:49:13 AM
Investment banks like goldman sachs already investing their money in exchanger and will opening bitcoin trading desk. I am believe others investment banks see the opportunity in cryptocurrency market and they will investing their funds. Better hold our coin for long term
November 28, 2018, 02:17:31 AM
They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.
I don't think they are waiting for the regulators to "invest" they are just waiting for the regulators to regulate. That way they can be capable of spending billions of dollars into something they know will be regulated properly like all other investment options. Look at the regulations on stocks and forex etc. they are regulated daily and constantly and have been so for years and there is nothing like that in bitcoin. So they are waiting for crypto to be regulated at the same level as those things in order to spend billions of dollars into it. Would you invest your billions of dollars into something that is not regulated properly? I think banks and investment firms will be reason for the next huge bull run when they come but we need to wait the approval of SEC for that type of thing.
November 26, 2018, 03:21:14 AM
Some big banks have already invested in some virtual currencies like ripple so it is a big possibility that they would also invest more if there is a regulation for the cryptocurrencies. If a big bank finally invested some large amount of fund in cryptocurrencies, it might act like a whale, they can easily influence or manipulate the market to their favor. This possible scenario might only happen if government creates a crypto regulation to accomodate the banking industry.
November 22, 2018, 05:12:57 AM
I think banks have been heading to Crypto for a long time, but this is a good time for many big businesses to come to it. Because their prices are quite cheap compared to the current economy. I believe that the value of the future altcoins will grow further in 2020.
Of course, banks will not rush to the issue of cryptocurrency. They will massively invest their capital in cryptocurrency only if there is maximum clarity in the rules of the game in this market. This will happen only after the states legalize cryptocurrency and establish clear rules for its circulation, which is quite normal.They have been in existence, they are smart when it comes to playing their game and of course, when times are changing like this, no one wants to be left out. So in that case, I believe as time goes on, we will get to see banks get their shit together most especially when the space becomes a lot more regulated and they will find a way to tap from the benefit in this space. I have no doubt about that!
November 21, 2018, 05:46:57 PM
They may be interested because they see the huge profits that they can make in a very short amount of time and as we know the sole purpose of banks to exist at all is to make money, and they do not care how they do it as long as they get huge profits, but at the same time they are very skeptical about the market of cryptocurrencies because they understand that if for some reason people begin to adopt cryptocurrencies and begin to use them to buy stuff instead of just speculating with them they could be in trouble.
November 21, 2018, 01:55:40 AM
I think banks have been heading to Crypto for a long time, but this is a good time for many big businesses to come to it. Because their prices are quite cheap compared to the current economy. I believe that the value of the future altcoins will grow further in 2020.
Of course, banks will not rush to the issue of cryptocurrency. They will massively invest their capital in cryptocurrency only if there is maximum clarity in the rules of the game in this market. This will happen only after the states legalize cryptocurrency and establish clear rules for its circulation, which is quite normal.
November 21, 2018, 01:16:28 AM
I think banks have been heading to Crypto for a long time, but this is a good time for many big businesses to come to it. Because their prices are quite cheap compared to the current economy. I believe that the value of the future altcoins will grow further in 2020.
Of course, banks will not rush to the issue of cryptocurrency. They will massively invest their capital in cryptocurrency only if there is maximum clarity in the rules of the game in this market. This will happen only after the states legalize cryptocurrency and establish clear rules for its circulation, which is quite normal. 
November 20, 2018, 11:50:27 PM
If ever banks really want to be on the crypto currency game, that is fone and good but these banks would only stick to crypto currency up until it benefits them and i doubt they will stick around long enough to make crypto currency stable enough for adoption. Let's just see what happens once they join in.
November 05, 2018, 03:40:18 AM
For one thing, banks are always on the look out for the next thing they want to invest on. I don't think they would care if such investments will result to the fall of fiat currencies but the fact of the matter is, what they want is security so they're just waiting for regulators to join in so that they'll be on the same boat.
October 13, 2018, 12:07:11 PM
Sure big banks and financial institution want to make money
Crypto market is great way to do that
Because of that banks will force to regulators to give crypto green light
At the end they will use blockchain technology to reduce fee and improve his service
Crypto market is great way to do that
Because of that banks will force to regulators to give crypto green light
At the end they will use blockchain technology to reduce fee and improve his service
I totaly agree. Banks are very well aware that cryptocurrencies are possible profit source for them but lack of regulation is one of the obstacles they can't get fully involved. It's true that Bitcoin and cryptocurrencies are kind of threat and competiton for banks but they are not trying to destroy cryptocurrencies like many think. Banks are just waiting for the right moment to join to the game.
For what we can see lately, we can see that banks are trying to do everything to be in the forefront of things as well as they would not want to miss out on the long run.
So in that case, rather than seeing it as a threat, I am sure they will just find a way to just be a part of things, allow it to evolve, and then find a way they can stay relevant within that space. Regulation will be a thing at the end of the day for those who may want to be going through this channel, but at the end of the day, banks actually lost some of the fight against cryptocurrency already.
October 13, 2018, 10:58:21 AM
Banks are always looking for new ways to increase profits, and they have long known that I can earn a lot in cryptocurrency.
But banks are not very quickly entering cryptomeria due to poor legalization of crypto-trade by states at the legislative level.
But banks are not very quickly entering cryptomeria due to poor legalization of crypto-trade by states at the legislative level.
October 13, 2018, 08:56:53 AM
in my country also bank experts are studying Cryptocurrency, and news from the media say banks will use blockchain in 2020, only after I read Crypto money from banks has fixed and unchanged prices,
I have been seeing the same thing being done here in my country as well, with the way there has been seminars and meeting on blockchain and cryptocurrency and how committees are being set up for further digging on the space. I know this is something we will obviously get to keep seeing more of eventually anyway and banks will not want to be left out of the show. We all know they are ventures who are out for profit and obviously the crypto space is one spot where this can actually be possible. They already have the facilities actually to render an exchange service and so much more when it comes to loan and the rest, and they would play some good part in this aspect.
October 12, 2018, 12:17:12 AM
Well it's great to see bank want to cooperate with crypto, I just hope that is not a conspiracy to regulate crypto and the intention is to weaken the crypto usage, but I find it will create a positive grow if the bank decide to adopt crypto, And I think it will take time before crypto and bank could harmonise
October 11, 2018, 08:10:52 PM
in my country also bank experts are studying Cryptocurrency, and news from the media say banks will use blockchain in 2020, only after I read Crypto money from banks has fixed and unchanged prices,
October 11, 2018, 02:06:29 PM
Sure big banks and financial institution want to make money
Crypto market is great way to do that
Because of that banks will force to regulators to give crypto green light
At the end they will use blockchain technology to reduce fee and improve his service
Crypto market is great way to do that
Because of that banks will force to regulators to give crypto green light
At the end they will use blockchain technology to reduce fee and improve his service
I totaly agree. Banks are very well aware that cryptocurrencies are possible profit source for them but lack of regulation is one of the obstacles they can't get fully involved. It's true that Bitcoin and cryptocurrencies are kind of threat and competiton for banks but they are not trying to destroy cryptocurrencies like many think. Banks are just waiting for the right moment to join to the game.
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