Author of the news: Crypto Emergency
Executive Chairman Strategy Michael Saylor stated that traditional financial organizations are increasingly integrating Bitcoin into their products.
Speaking at Binance Blockchain Week, he noted that he previously expected it would take banks four to eight years for such steps. However, in just the last 12 months, the largest players — Citi, BNY Mellon, Bank of America, PNC, JPMorgan, Wells Fargo, and Vanguard — have changed their stance and become more favorable towards digital assets. In particular, Vanguard in early December provided clients with the opportunity to trade cryptocurrency ETFs.