How does BNY Mellon's involvement in the US cryptocurrency scene affect Bitcoin?

3 answers

• Nov 24, 2021 · 3 years ago
  BNY Mellon's involvement in the US cryptocurrency scene has the potential to significantly impact Bitcoin. As one of the largest banks in the US, BNY Mellon's entry into the cryptocurrency market brings increased legitimacy and credibility to Bitcoin. This could attract more institutional investors and traditional financial institutions to invest in Bitcoin, leading to increased demand and potentially driving up the price. Additionally, BNY Mellon's involvement may also lead to the development of new financial products and services related to Bitcoin, further expanding its reach and adoption.
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• Nov 24, 2021 · 3 years ago
  Well, BNY Mellon getting involved in the US cryptocurrency scene is a big deal for Bitcoin. It's like having a heavyweight champion in your corner. With their reputation and resources, BNY Mellon can bring more attention and trust to Bitcoin. This could lead to more people buying and holding Bitcoin, which could drive up the price. It's a win-win situation for Bitcoin and BNY Mellon.
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• Nov 24, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can say that BNY Mellon's involvement in the US cryptocurrency scene is a game-changer for Bitcoin. With their vast experience and resources, BNY Mellon can provide the infrastructure and support needed to attract institutional investors to the Bitcoin market. This could lead to increased liquidity and stability for Bitcoin, making it a more attractive investment option for both individuals and institutions. It's a positive development that could help Bitcoin reach new heights.
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