I saw a televised interview with the CEO of BAC last night our time and he said he and other banks would be interested in crypto if it became a medium of exchange for customers.Bank of America ceo says banks want to get in on crypto. Might be a hard pump off this
BTC falling, now down below 90K.Ethereum is rapidly losing value relative to BTC. BTC's little brother is becoming the runt of the litter.
BTC falling, now down below 90K.
Have no idea what it means for future.
Mick
I reckon Yes.
Not for me even in a drug endused state would I venture near any of this crap.Just looked at the greed and fear index and we are at "extreme fear".
Normally I'd say buy, but this is bitcoin. Realistically I'd want to see it halve from her before I'd bother looking at it.
I'd agree @moXJO . I've only ever traded BTC via VBTC on the ASX, in at equivalent to BTC $92,000 and out at $105,000. I was a bit late in in Nov. after the trump boost. I was hoping to repeat that over the last few days but it's been down to $86,000 and presently around $88,000.Just looked at the greed and fear index and we are at "extreme fear".
Normally I'd say buy, but this is bitcoin. Realistically I'd want to see it halve from her before I'd bother looking at it.
Agree.Big jump on news of crypto reserves. I'm in two minds about this. I do think bitcoin will keep going up over the long term.
But the most it could do is probably 10-15 X.
Which I suppose is still decent. It's still a big maybe though based on digital ether.
I still want it to crash, but what we "want" and what we get are two different things
@Garpal Gumnut I'm just curious as to how $GG is traveling these days.Agree.
I’m back in VBTC
gg
I wonder if this was a timed pump to make a bunch of people richer.Just looked at the greed and fear index and we are at "extreme fear".
Should also apply to those outside of that age bracket too @Garpal GumnutThis post is aimed at those aged 20-40 years who have the assets and knowledge to trade BTC. There is some very good news. I have just picked up my copy of the Singapore edition of the Financial Times from Garbutt Field aka Townsville Airport a vital hub in the fight against the Japanese just 80 years ago. Time does fly. I digress.
Morgan Stanley is considering a move to offer cryptocurrency trading to customers on its ETrade platform, as US banks prepare for lighter regulation of digital assets under the Trump administration.
The bank’s deliberations are at an early stage and may include a partnership with a trading firm that is already active in crypto, according to a person familiar with the matter.
They come as President Donald Trump has taken a much friendlier approach to crypto than his predecessor Joe Biden. The Securities and Exchange Commission has backed away from cases against major crypto firms, and the Justice Department has said it will scale back enforcement in digital asset cases.
Trump is known to be much friendlier to crypto than his predecessors and has not just an economic interest, he has cold hard cash invested in the sector. Bitcoin appears to have taken off again on the news, I would not be surprised to see it challenge $100,000 before the weeked.
Cryptocurrencies, and bitcoin in particular, have been a thorny issue for Wall Street banks.
Regulators, especially under the Biden administration, took a restrictive approach in allowing banks they oversee to engage with volatile and loosely regulated digital assets. Bank executives themselves have also taken a sceptical view — most notably JPMorgan Chase chief executive Jamie Dimon, who has said bitcoin “does nothing” and compared it to a pet rock.
But many bankers regularly face questions from clients about trading cryptocurrencies, and they have expressed willingness to offer the service if regulators allow it.
Bank of America boss Brian Moynihan told CNBC earlier this year that “the banking system will come in hard on the transactional side” of cryptocurrencies if rules permitted it.
Morgan Stanley declined to comment. The lender’s deliberations were reported earlier by Bloomberg.
I hold VBTC an ETF traded on the Aussie ASX market. The quicker young Australian men and women who believe they are bullet proof in their 20's to 40's may go with ETrade should it receive approval in the US and Australia to trade BTC directly.
Banks trading BTC may go against the free market mantra of crypto but markets never rest. gold has had an exponential rise. I believe it is BTC's turn next.
gg
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.