Once skeptical about Bitcoin, the biggest American banks are now rushing to get a piece of the action. From JPMorgan to Goldman Sachs, these financial giants are moving in the programs of guard, negotiation and reward of Bitcoin. The game has clearly changed.
Here’s what you need to know.
Large banks move in Bitcoin
A recent graphic of River reveals how the best companies go beyond the first stages of the participation of cryptography. Many have launched Bitcoin services or offer limited access to rich customers, reflecting the growing integration of digital assets in consumer finance.
Banks such as JPMorgan, PNC, Charles Schwab and State Street have already launched or prepare products related to Bitcoin. Citigroup, Wells Fargo and Goldman Sachs offer bitcoin access limited to certain high content customers.
Even American Express introduced a Bitcoin Rewards card. Others, including the fifth third and the USAA, explore or incorporate cryptography services.
Observers to active players
Since the beginning of 2024, the big American banks have passed to watch the crypto to act actively.
- Morgan Stanley has planned to let thousands of brokers recommend fNB bitcoin to customers
- Charles Schwab plans to add Bitcoin and Ethereum trading to meet the growing demand for customers for a unified investment platform.
- PNC also associated itself with Coinbase to allow customers to exchange the crypto directly via their bank accounts.
- JPMorgan announced that he is associated with Coinbase to leave customers of the Chase credit card to finance their wallets and buy crypto in the fall of 2025 from the fall of 2025.
Work on guard and tokenization also accelerate. State Street, Bny Mellon, Citi and JPMorgan are testing stablescoins and rules based on blockchain.
Michael Saylor’s vision for the future of Bitcoin
Michael Saylor, CEO of Strategy and a big defender of Bitcoin, had described four key points for the future of Bitcoin in a recent interview – Banks will begin to lend against BTC, the American government will hold the reserves of Bitcoin, Big Tech will embrace the BTC, and it will be easily accessible on devices like the iPhone.
Saylor thinks that these developments will put the United States at the center of the global cryptography industry.
While large banks and institutions adopt Bitcoin, America should dominate the future of cryptographic innovation.
