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Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency Policies

Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency PoliciesBank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the U.S. Senate banking committee. The three banks are in different stages of offering crypto services to their clients. They also lag behind some of their peers, such as Morgan Stanley and Goldman Sachs, in offering access to investments with exposure […]

Bitcoin’s price won’t ‘dramatically’ increase from here, says billionaire

Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto Services

Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto ServicesCitigroup is reportedly seeing a “very rapid” accumulation of interest in bitcoin across a broad spectrum of clients, including large asset managers. The bank is now considering launching its own crypto services as a growing number of banks are offering bitcoin-related services to their clients, including Goldman Sachs and Morgan Stanley. Citigroup is reported considering […]

Bitcoin’s price won’t ‘dramatically’ increase from here, says billionaire

Citi Executive Says Bitcoin Will Do Well But Sees Better Investments in ‘Giant Unstoppable Trends’

Citi Executive Says Bitcoin Will Do Well But Sees Better Investments in ‘Giant Unstoppable Trends’Citibank’s David Bailin believes that bitcoin will do well because of the level of interest from investors. While stating that the cryptocurrency can be part of a portfolio, the executive sees better investment opportunities than bitcoin in “giant unstoppable trends.” Bitcoin ‘Is Going to Do Well,’ Citi Executive Predicts David Bailin is Managing Director and […]

Bitcoin’s price won’t ‘dramatically’ increase from here, says billionaire

Citigroup: Bitcoin Is at a Tipping Point, Could Become Preferred Currency for International Trade

Citigroup: Bitcoin Is at a Tipping Point, Could Become Preferred Currency for International TradeCitigroup says bitcoin is at a tipping point and the cryptocurrency could become “the currency of choice for international trade.” The firm wrote in a report that “we could be at the start of massive transformation of cryptocurrency into the mainstream.” Bitcoin Is at the Tipping Point, Citi Says Citigroup’s Global Perspectives & Solutions (GPS) […]

Bitcoin’s price won’t ‘dramatically’ increase from here, says billionaire