America’s Largest Banks Quietly Embrace Bitcoin Loans, Saylor Says
Michael Saylor, executive chairman of Strategy, told attendees at Binance Blockchain Week that the wall of skepticism inside big banks is breaking down faster than he once expected. Related Reading: All-In On XRP: Why This Leading Investor Sold His Entire Bitcoin Stack He said he had thought it might take four to eight years for major financial firms to move fully into Bitcoin. Now, he says, that timeline is compressing and the shift is visible right away. Banking Giants Reverse Course According to Saylor, the past 12 months have seen heavy hitters — including Citibank, BNY, Bank of....
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At Bitcoin MENA 2025 in Abu Dhabi, Michael Saylor used his keynote to deliver a clear message: major US banks have quietly pivoted from excluding Bitcoin to actively building products on top of it – and they are now coming directly to him. “In the past six months I have noted and been approached by […]
A short look at the math behind loans might show the benefit of loans versus the classic dollar-cost average strategy.
Lending and borrowing have become words that are associated with Bitcoin. This is the same with traditional finance where lending and borrowing remain a big part of the ecosystem. However, there has not been an intersection of these three. This has mostly stemmed from the distrust of traditional finance toward bitcoin. The digital asset which remains largely unregulated did not provide the kind of backing tradfi wanted. That is until now. Bitcoin-Backed Loans In Tradfi Investment bank Goldman Sachs has announced the introduction of Bitcoin-backed loans. In what is a first for a major U.S.....
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), the largest corporate Bitcoin (BTC) holding company, is intensifying his multibillion-dollar investment in BTC. In a recent report by Bloomberg, it was revealed that Saylor is increasing the yield on preferred shares, which he has designated as the primary funding source for the company going forward. Investor […]
Coinsource has become America’s largest bitcoin operator after announcing it has installed four new ATMs in the month of July, bringing the total number to 42 across seven states. The Texas-based company’s latest additions include new bitcoin ATMs in New York, Nevada, and Pennsylvania with one installed in Staten Island, one in Las Vegas, and two in Philadelphia. Coinsource, CEO Sheffield Clark said: We are extremely proud to be America’s number one Bitcoin ATM network, but it is our customers and the cryptocurrency phenomenon that deserve the credit. Bitcoin has proven to be one of the....