Strategy anticipates total adoption of Bitcoin by the major American banks
Ivan Crnogatić
Strategy anticipates total adoption of Bitcoin by the major American banks
Strategy anticipates total adoption of Bitcoin by the major American banks
The CEO of Strategy Inc (NASDAQ), Phong Le, claims that the major banks in the U.S. are competing to catch up in the adoption of Bitcoin (CRYPTO: BTC) and will offer full cryptocurrency services within two to three years.
What has happened
In an interview with podcaster Natalie Brunell, Le pointed out that major financial institutions are leaving skepticism behind and are now focusing on retention.
"They want to be able to offer their clients native services with Bitcoin so that they do not withdraw money from the platform," said Le.
Strategy anticipates total adoption of Bitcoin by the major American banks
Why it matters
In response to rumors that Strategy might be forced to sell its Bitcoin reserve to cover its obligations, Le pointed to the company's new reserve of $1.4 billion.
This cash reserve covers dividends for approximately 21 months, which neutralizes the need to liquidate cryptocurrency assets during volatility.
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