Home Bitcoin News Will 2021 Go Wild for Bitcoin If Public Banks Sell BTC Directly?

Will 2021 Go Wild for Bitcoin If Public Banks Sell BTC Directly?

Bitcoin 2021 wild

We do not know if Public Banks will Sell Bitcoin Directly.  It is very clear that authorities do not like decentralization in terms of money and monetary policy.  They continue to feel that it can be a serious threat when it comes to monitoring global money laundering.  However, the Bitcoin technology is advancing and the different concerns about scalability and transaction times might get taken care of with advancement in technological methods.

It might take some long time for regulations to be able to hopefully evolve across the world in different nations to be able to support the potential of this revolutionary technology.

So far, no banks sell Bitcoin or Altcoins.  Obviously these were created to avoid the banking system and to put an end to the monopoly of centralized controlled currency system.

And, this is one reason for why banks, governments and federals are promoting Bitcoin or Altcoin.  There are volunteers who have mined Bitcoin and they further circulate them on the blockchain technology, but to let know mining is not that easy it requires the required infrastructure and electricity back up.

Banks do not sell Bitcoin, and it is only through exchanges that the buying and selling happens.

Banks will not choose to sell Bitcoin until it is regulated as it undermines the banking business. Also, if governments set in to regulate and bring it under their policies, the core ideal of decentralization will be in mess.

Someone by the Twitter account BRITISH HODL expressed:  “I’m in Colombia. They’ve started testing to allow all public banks to sell Bitcoin directly to account holders. 2021 is about to get wild.”

We are not sure about the authenticity of this information; however, some of them are wondering on whether they are going to permit their clients to withdraw the BTC or they are left wondering if it will be just a process where they will be permitting their clients to withdraw the BTC or will it be a custody like the Paypal.

With mining innovation advancing, new opinions like mining bitcoin is the best way to earn BTC without having to worry about whether the price will go up or down because it makes it possible for the miner to earn weekly! Well, such recommendations and opinions should be taken by new miners only after due research with real time miners.  Due diligence is important in everything.

Mining or buying crypto is the step one to own BTC, and making profit from BTC is step next.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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