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❕NEWS Third largest bank holds bitcoin

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AudraMiller

AudraMiller

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The number of large institutions that become invested in bitcoin and other cryptocurrency is a major driving factor when it comes to the price of a coin and also how many peopel are willing to invest in a coin. A bank investing in a cryptocurrency shows a certain degree of confidence that can help many users in taking that next step in order to invest in that specific cryptocurrency. In a recent news article, it seems that the third largest bank of an independent nature is actually holding bitcoin through the grayscale trust funds, and it is reported that this Bitcoin holding is in the amount of over 29 thousand shares in grayscale. What are your thoughts on this?
 
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Well this is good just for development of the currency and it has shown that banks and financial institutions are backing it upto some sort of extent to be honest
 
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Henrytuedor said:
Well this is good just for development of the currency and it has shown that banks and financial institutions are backing it upto some sort of extent to be honest
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It does show this, and I think that many banks are actually torn between the two and whether to get into the crypto world especially given their countries regulations and rules for financial institutions.
 
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