Grayscale Bitcoin Trust (GBTC)

[Tenured]

It's fake concern by banks. People should ask themselves why the bank is so concerned for their customers well being when investing in crypto because it's "so volatile" but that same bank will happily loan you $80k for a navigator or escalade that will drop significantly the second you drive It off the lot?

They don't want people investing in crypto as ever dollar invested in crypto is a dollar not in your savings or checking account that provides the bank with capital to loan out (for that escalade). Banks need deposits to loan out to make money. Crypto isn't on their best interest. Plus basks want you in debt. People investing in crypto wasn't to use the gains to pay off loans. That's not in the banks best interest. Banking 101. Don't fall for the hype.