Eight of the top ten banks in the United States have already engaged in cryptocurrency lending业务

Source: PortaldoBitcoin Original Title: 8 out of the 10 largest banks in the US are involved with cryptocurrency lending, says Michael Saylor Original Link: Strategy founder Michael Saylor emphasized at a public event this Thursday (4th) that the top tier of traditional financial markets has fundamentally changed its view on Bitcoin in the short term. The executive pointed out that eight of the top ten major banks in the US are already involved in cryptocurrency lending operations.

“All these institutions have shifted from a hostile, negative, or skeptical attitude to a positive one over the past 12 months,” Saylor said while attending an industry summit in Dubai this week. “It used to be that I couldn’t reach consensus with any major bank on Bitcoin issues.”

Saylor gave examples, saying that US financial services company Schwab announced it will begin custodying Bitcoin and offer credit using crypto assets as collateral early next year, while Citibank also stated it will take similar actions.

Below is a summary of Michael Saylor’s views:

Over the past 12 months, giants like Citibank, JPMorgan, Wells Fargo, Bank of America, and Vanguard have shifted to a pro-crypto stance. Now, 8 of the top 10 banks in the US are offering crypto-backed loans.

Saylor and Bitcoin

Strategy, the company Saylor founded, holds 650,000 bitcoins worth about $60 billion, accounting for 3.1% of BTC’s total supply.

By creating the world’s largest BTC treasury, Michael Saylor has become the spokesperson for Bitcoin among institutional investors. Recently, the entrepreneur emphasized that cryptocurrency price volatility should not be seen as a problem, but as an essential part of its fundamental nature.

The Strategy CEO stated that volatility is “a feature, not a bug,” and plays a key role in price discovery during the asset’s global adoption phase.

Regarding investment strategy in Bitcoin through Strategy, Saylor noted in November that the BTC treasury company can withstand a drop of up to 90% and continue to operate.

“The company was designed to withstand an 80% to 90% drop and keep operating. So I think we are quite indestructible. Our leverage is around 10% to 15%, and is now moving toward zero, which is very robust,” Saylor said.