BNP Paribas and Bitcoin: "Turning Coat" or Survival?
โWe are going to talk a bit about BNP Paribas, you know, the "daddy bank".
The same one that, just 3 years ago, was seriously explaining to us that crypto was a scam, nonsense, even a public danger.
โChange of scenery today: BNP has just launched 6 financial products (ETFs) to allow its clients to invest directly in Bitcoin and
$ETH โWhy this 180ยฐ turn?
โDonโt be mistaken. Itโs not because they suddenly had a revelation about decentralization or blockchain technology. The reality is much more pragmatic,
โCapital flight: They saw money leaving traditional savings accounts to land here, on Binance or in DeFi.
โAdapt or die: A bank remains a business. If it doesn't offer what the client wants, it loses the client.
โThe balance of power: Itโs not BNP that "validates" the
$BTC today. Itโs Bitcoin that forced one of the largest banks in Europe to bend the knee.
โWe are still ahead
โWhile traditional institutions are running after the train to try to catch up, we are already seated in the front car. They come for liquidity, we were here for the revolution.
โAnd you, what do you think about it?
โDo you think it's excellent news for mass adoption (Bullish ๐)?
Or do you find it ironic coming from a bank that criticized the sector not long ago?
โWould you trust your traditional bank to manage your cryptos, or would you prefer to stay "your own bank"?
โTell me everything in the comments!
โ
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