The Speculative Nature of Cryptocurrencies

A few weeks ago Bitcoin circles were abuzz with talk that Washington was plotting to kill crypto by cutting off its access to the banking system in what some commentators dubbed operation choke point 2.0. Those fears have now somewhat abated as banks have stepped up to fill the vacuum created by Silvergate and signature quote there are dozens of other banks both onshore and offshore that are taking advantage of this opportunity said rich Rosenbloom co-founder and president of Bitcoin trading firm GSR. Bankers say one concern from the bank side is that they don't want to have too much exposure to crypto for fear that it will make them a target for regulators.