i love the fact many top institutions are getting into cryptocurrency, i see it as a great future. that's why i am never selling my bitcoins, rather i will take advantage of price movement and trade them on apps like level01 on playstore.
More evidence instructional investment news is already baked into BTC market cap -- this news hasn't moved the needle. When will perma-HODLers outsize the old guard and speculators? When Deutsche Bank announces a stake?
Pretty much! Smaller companies are also doing the same but might not have the requirements to disclose their purchases. Rest assured institutions of all sizes are buying. As we speak, in fact. But they won’t disclose this information until their positions are 100% secured and complete. Behind the scenes, money is moving.
Its insane all these no name instos buying up big. I say no name because well not heard of them like the big names you hear everyday.
Now WTF is going to happen when the banks, the real banks with deep down to hades pockets come into crypto? Thats when we going to get insane ^(insane).
AurtachGold | QC: CC 22 | r/WallStreetBets 291 month ago
One of the largest banks in Singapore, DBS Bank, is opening its own exchange so their bank members can buy crypto right from their bank account. They are doing this due to the huge demand there.
I actually just moved back to America from living in Singapore for 7 years, and I still have my DBS bank account open. If I can move my money sitting in Singapore directly ctly to crypto through my bank app, that will be amazing.
vinloGold | QC: CC 37 | r/WallStreetBets 101 month ago
American banks may end up buying into crypto as an asset, or even offer custodial services, but it’s going to be a decade before they allow people to transfer their funds to crypto and withdraw them without massive restrictions.
Half correct. Mass mutual is actually a long standing institution, and then buying in is quite significant. You are right that this isn’t Bank of America, but companies like Mass Mutual are the institutions you want to see buying to encourage the more well-known institutions