Major Banks Are Beginning to Acknowledge BTC’s Potential: Michael Saylor

Michael Saylor, CEO of MicroStrategy, has recently expressed his conviction that major banks are beginning to acknowledge the huge potential of Bitcoin.

He believes that this will lead to them utilizing digital currencies in order to retain customers who are increasingly looking to the blockchain industry for services.

A study by CoinGecko appears to confirm this, as it outlines how more than half of the top 50 banks have component parts of their operation involved in the cryptocurrency market.

Participants of the cryptocurrencies ecosystem are relying on regulated exchanges such as Binance and Coinbase to facilitate these investments.

Interestingly, four large Chinese banks are investing in innovative tools, despite cryptocurrency-related transactions being prohibited in China.

Financial institution based in the US and Hong Kong are also choosing to use regulated exchanges to invest in digital assets.