Home Finance News Peer Pressure for Banks to Adopt Bitcoin (BTC) Is Beginning, and the Life Span of DOGE is 6.9 years.

Peer Pressure for Banks to Adopt Bitcoin (BTC) Is Beginning, and the Life Span of DOGE is 6.9 years.

NYDIG

CNBC pointed to how Bitcoin will be coming to hundreds of U.S. banks in the current year; this gets implied from a statement made by NYDIG.

For the first time, the customers of U.S. banks can buy, hold and sell Bitcoin through their existing accounts per NYDIG, a crypto custody firm.

Yan Zhao, president of NYDIG, stated, “Banks are now asking for Bitcoin because they can see that their customers were sending dollars to Coinbase and several other crypto exchanges.”

Also, NYDIG is planning to provide other services after rolling out the initial bitcoin product, which will include debit card rewards paid in Bitcoin.  They are also thinking about a new type of bank account, FDIC insured but pays interest in bitcoin.

Banks can very clearly see that their customers want Bitcoin.  The Peer pressure for banks to adopt Bitcoin is beginning.

Yan Zhao, president of NYDIG, stated, “Most people can’t invest in things that institutional investors get to invest in. With bitcoin available through your bank to be purchased with as little as $1, now you have an attractive asset that’s available to be owned by anyone in any amount. We think that’s huge for economic empowerment.”

While banks are beginning to think about BTC, Bitcoin advocates continue to propel the masses with information-rich tweets and messages about BTC.

Dan Held has made a new video on “Altcoin vs. Bitcoin” where I cover: – The rise and fall of Alts during Bitcoin cycles – Narratives and how they interact with price – Dogecoin’s crazy run.

In the video, he has explored whether the Altcoin season will continue or will it end.  Will Bitcoin start to rise? And, he has covered several topics like this could be Bitcoin’s prime moment.

He points to how when the price of a particular asset goes up, people become aware of it.  He has also pointed to how Alts are going to prime the pump for Bitcoin.

It is common for investors to look into other Altcoins, which have a higher price potential. He has also explained how narratives and prices are intertwined.

Pointing to the recent interest in Doge, one of the users stated, “Sell your Doge now, people, please save some of the profits you’ve made. Doge goes back under .25 very soon.”

Dan points to how the average life span of Doge is 6.9 years.

Dan recently reinstated, “Bitcoin’s origin is akin to planting a tree. It wasn’t just Satoshi’s selection of the species (code), but the season (timing), soil (distribution), and gardening (community) that were essential to its success.”

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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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