Elliptic Co-Founder Says Banks Are Growing Interested in Bitcoin (BTC)
According to the latest reports, the bank from all around the world is growing more and more interested in cryptocurrencies. The cryptocurrency that is gaining the most amount of interest and attention is none other than Bitcoin (BTC).
Bitcoin is currently the largest cryptocurrency in the world with respect to market capitalization. The company reportedly surpassed the market capitalization of the largest electric-car manufacturing company “Tesla” in the world. According to figures, the current market capitalization of Bitcoin (BTC) $925 billion while Tesla’s market capitalization is $798.15 billion.
With Bitcoin (BTC) showing so much growth and investment profits, the majority of the investors around the world are rallying up to the asset. Even the majority of the banks around the world have started receiving requests from their clients wanting to invest in cryptocurrencies.
This is the reason why banks are now growing more interested in Bitcoin (BTC). Because if they do not get into cryptocurrencies, then they may soon end up being left behind in adopting the most reliable asset in the world.
The high-profile people from the cryptocurrency industry have also started talking about the current situation of cryptocurrencies in the country. Recently, the co-founder of Elliptic, Tom Robinson, which is a famous crypto-firm also talked about the attention the crypto-industry is gaining.
He stated that their crypto-firm has started receiving a lot of queries from different banks from all over the world. All the banks coming up to Elliptic have the same query about cryptocurrencies. He stated that all of the banks approaching them want to know the possibilities of investing in cryptocurrencies.
Most importantly, the banks are interested to know more about the options and possibilities of investing in Bitcoin (BTC).
Robinson stated that the majority of the requests have started coming in from the banks located in the United States. He added that it is not just a matter of one or two weeks, but almost two months since they have been receiving such queries.
He added that the main reason behind the crypto-adoption from banks is due to the fact that Donald Trump is no longer running the show. With the elections that took place back in November 2020, the banks in the United States are now opening up regarding cryptocurrencies.
The banks in the United States are observing the sentiments of their clients and stakeholders that are now growing more interested in cryptocurrencies. This is the reason why the cryptocurrency sector is now seeing more than ever banks coming to enquire about Bitcoin (BTC).
It is not just the banking sector that is now gaining more interest in Bitcoin (BTC) but the entire world. With time, Bitcoin (BTC) has become one of the top investment assets that are even come shoulder to shoulder with Gold. At the time of publishing, the price of Bitcoin (BTC) is hitting $51.5k per BTC.