Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?
Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.
What do you guys think, should banks even be in 'the game'?
Eventually, when global adoption finally happens, then there’s no stopping from these banks and other centralized financial institutions to accept bitcoin because it’s no longer a tool for investment alone but a co-currency to fiat. So whether we like it or not, bitcoin will be regulated by these banks which I think also creates a disadvantage on us. But hey, anonymity should never be an issue anymore as KYC will surely be imposed for good. If we want to see bitcoin increases it’s use case, then let’s accept the reality that banks will be part of its development.