Banks Aren’t Going to 'HODL' Bitcoin
coindesk.com/layer2/2022/08/03/banks-arent-go...Posted Aug 7, 2022, 5:40 PM UTC
Posted Aug 7, 2022, 5:40 PM UTC
tldr; Bank for International Settlements proposals are unlikely to lead banks to hold bitcoin. But they could open the door to CBDCs, says our columnist.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
For banks, buying/selling crypto is just asset management. It has nothing to do with the ethos of crypto.
They will not hold a coin forever.
Banks will become the worst degens in the crypto spaces.
Haha spot on
Fuck a CBDC
Yeah but they’ll definitely find a way to make their customers struggle with buying and withdrawing from crypto platforms
Whatever it will but I will stick to my good ol' "not my keys not my crypto" philosophy.
I bet they won't...
It wouldn’t make much sense until volatility is low and that is years away.
Will I get my 0.0001% yield still?
No shit. But they will have to "HODL" some if their clients want them to provide custody of Bitcoin.
Shit they don't even hold your own money much
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Good! Banks already fucked up the existing system and took several large bailouts with your tax money. Theyll fuck up crypto if allowed.