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sounds like somebody bought some bitcoins! It is more than common for banks to invest and hype markets (ie. chase artificially pumping the Facebook IPO). They
by cjaredrun 13y ago
sounds like somebody bought some bitcoins!
It is more than common for banks to invest and hype markets (ie. chase artificially pumping the Facebook IPO). They can because of their sheer size, so why not?
- zodiac 13y agoTheir sheer size also represents two reasons against their investing significantly in bitcoin: one, any buying or selling on their part will significantly move the price of BTC because the markets are so thin, and two, there are regulations that force them to control risks, and I'm not sure what, if anything, such regulations have to say about buying cryptocurrencies.
- crdoconnor 13y ago>there are regulations that force them to control risks The fine is usually low enough that they treat it as a cost of doing business.