It's just a matter of time now until banks figure out how much potential cryptocurrencies have.
I'm pretty sure they already have. The commercial banks have been filing blockchain patents for years now, building prototypes. And just as we see Bank of America signalling a move into the cryptocurrency exchange market, Goldman Sachs announced that they will be clearing BTC futures contracts for their clients.
A report from JP Morgan Chase released a few days ago says that Bitcoin could become a new gold-like asset, suggesting that it could become entrenched in the world markets like gold, oil and other trusted commodities.
What we need now is for governments to take a step forward as well and start looking at how bitcoin should be legalized for good. Because if big banks are in the game as well, the governments will have to address this as soon as possible.
I think we'll see governments scrambling in every direction. This is a completely new animal to them. Morocco banned the use of cryptocurrencies; so did Vietnam. Meanwhile, regulated futures markets are opening in the United States. That seems more telling to me than anything else.
