The post Michael Saylor Explains Why Banks Won’t Wait For Bitcoin appeared on BitcoinEthereumNews.com. Key Insights Michael Saylor says major U.S. banks flipped from anti-Bitcoin to pro-crypto within the past 12 months. Eight of the top 10 U.S. banks are now involved in Bitcoin-backed lending, most joining in the last six months. Schwab and Citi are preparing to offer BTC custody and credit services starting next year. Saylor argues the banking sector’s pivot to Bitcoin is happening years earlier than industry forecasts expected. Bitcoin news from Binance Blockchain Week in Dubai took a sharp turn on December 4, 2025, when Strategy Inc. executive chairman Michael Saylor revealed that Wall Street’s largest banks had flipped from crypto skeptics to active participants in just 12 months, far ahead of the 4–8 year timeline experts once predicted. Speaking to a packed audience at the Coca-Cola Arena, Saylor listed BNY Mellon, PNC, Citi, JPMorgan, Wells Fargo, Bank of America, and Vanguard among those now offering Bitcoin custody and credit. He explained that eight of the top 10 U.S. banks entered crypto lending in the last six months alone. As Bitcoin traded at $92,669 and spot ETF inflows reversed to positive flows per Farside Investors data, Saylor’s comments underscore a structural shift: Mega-finance actors now steer Bitcoin’s trajectory, decoupling it from retail cycles and aligning it with macro forces like Fed easing and fiscal deficits. For investors, this Bitcoin news validates long-term conviction, though it demands vigilance on regulatory hurdles. From Skepticism to Bitcoin Custody in 12 Months Saylor delivered his insights during a fireside chat at Binance Blockchain Week, moderated by The Bitcoin Therapist, as clipped in a December 5 X post by @CryptosR_Us. He stated, “The world’s biggest banks weren’t supposed to embrace Bitcoin for another 4–8 years, but it’s already happening right now.” He ticked off names: BNY Mellon now custodies Bitcoin for ETFs, PNC offers… The post Michael Saylor Explains Why Banks Won’t Wait For Bitcoin appeared on BitcoinEthereumNews.com. Key Insights Michael Saylor says major U.S. banks flipped from anti-Bitcoin to pro-crypto within the past 12 months. Eight of the top 10 U.S. banks are now involved in Bitcoin-backed lending, most joining in the last six months. Schwab and Citi are preparing to offer BTC custody and credit services starting next year. Saylor argues the banking sector’s pivot to Bitcoin is happening years earlier than industry forecasts expected. Bitcoin news from Binance Blockchain Week in Dubai took a sharp turn on December 4, 2025, when Strategy Inc. executive chairman Michael Saylor revealed that Wall Street’s largest banks had flipped from crypto skeptics to active participants in just 12 months, far ahead of the 4–8 year timeline experts once predicted. Speaking to a packed audience at the Coca-Cola Arena, Saylor listed BNY Mellon, PNC, Citi, JPMorgan, Wells Fargo, Bank of America, and Vanguard among those now offering Bitcoin custody and credit. He explained that eight of the top 10 U.S. banks entered crypto lending in the last six months alone. As Bitcoin traded at $92,669 and spot ETF inflows reversed to positive flows per Farside Investors data, Saylor’s comments underscore a structural shift: Mega-finance actors now steer Bitcoin’s trajectory, decoupling it from retail cycles and aligning it with macro forces like Fed easing and fiscal deficits. For investors, this Bitcoin news validates long-term conviction, though it demands vigilance on regulatory hurdles. From Skepticism to Bitcoin Custody in 12 Months Saylor delivered his insights during a fireside chat at Binance Blockchain Week, moderated by The Bitcoin Therapist, as clipped in a December 5 X post by @CryptosR_Us. He stated, “The world’s biggest banks weren’t supposed to embrace Bitcoin for another 4–8 years, but it’s already happening right now.” He ticked off names: BNY Mellon now custodies Bitcoin for ETFs, PNC offers…

Michael Saylor Explains Why Banks Won’t Wait For Bitcoin

2025/12/07 14:56

Key Insights

  • Michael Saylor says major U.S. banks flipped from anti-Bitcoin to pro-crypto within the past 12 months.
  • Eight of the top 10 U.S. banks are now involved in Bitcoin-backed lending, most joining in the last six months.
  • Schwab and Citi are preparing to offer BTC custody and credit services starting next year.
  • Saylor argues the banking sector’s pivot to Bitcoin is happening years earlier than industry forecasts expected.

Bitcoin news from Binance Blockchain Week in Dubai took a sharp turn on December 4, 2025, when Strategy Inc. executive chairman Michael Saylor revealed that Wall Street’s largest banks had flipped from crypto skeptics to active participants in just 12 months, far ahead of the 4–8 year timeline experts once predicted.

Speaking to a packed audience at the Coca-Cola Arena, Saylor listed BNY Mellon, PNC, Citi, JPMorgan, Wells Fargo, Bank of America, and Vanguard among those now offering Bitcoin custody and credit. He explained that eight of the top 10 U.S. banks entered crypto lending in the last six months alone.

As Bitcoin traded at $92,669 and spot ETF inflows reversed to positive flows per Farside Investors data, Saylor’s comments underscore a structural shift: Mega-finance actors now steer Bitcoin’s trajectory, decoupling it from retail cycles and aligning it with macro forces like Fed easing and fiscal deficits.

For investors, this Bitcoin news validates long-term conviction, though it demands vigilance on regulatory hurdles.

From Skepticism to Bitcoin Custody in 12 Months

Saylor delivered his insights during a fireside chat at Binance Blockchain Week, moderated by The Bitcoin Therapist, as clipped in a December 5 X post by @CryptosR_Us. He stated,

He ticked off names: BNY Mellon now custodies Bitcoin for ETFs, PNC offers lending against BTC collateral, and Citi prepares similar services for 2026.

JPMorgan, Wells Fargo, and Bank of America have followed suit, with Vanguard launching Bitcoin-linked products in Q4.

Source: X

This acceleration traces to Basel III reforms finalized in July 2025, which classified Bitcoin as a Tier 1 asset for banks, per Federal Reserve guidelines that month.

Eight of the top 10 U.S. banks now facilitate crypto lending, up from zero in Q4 2024, according to a PwC report released November 28, 2025, analyzing $50 billion in new credit lines extended since September. Schwab’s planned custody rollout in Q1 2026, announced December 2, rounds out the list.

Replies to the clip captured trader excitement: @CryptoJoeReal posted December 5, “Institutions want Bitcoin.

Everyone wants Bitcoin,” while @GuoyuRwa added, “Wall Street was supposed to ‘warm up to Bitcoin’ by 2030… and they’re already sprinting in by Q4 2025.”

Bitcoin News on Lending Boom: $50 Billion in New Credit Lines

Saylor emphasized lending as the tipping point. He pointed to JPMorgan’s $10 billion BTC-backed credit facility launched October 15, 2025, per company filings.

This follows a broader surge: Crypto lending volumes hit $150 billion annualized in Q4, up 300% from Q1, per Kaiko Research’s December 3 report, with banks capturing 40% share from DeFi protocols.

Banks hold Bitcoin as collateral at 50-70% LTV, issuing USD loans at 4-6% rates, lower than DeFi’s 8% averages on Aave, per its dashboard.

PNC’s program, rolled out November 20, has originated $2.5 billion in loans, mostly to family offices, per American Banker December 2.

This Bitcoin news reduces volatility drag: Borrowers avoid selling BTC during dips, preserving upside.

Institutional flows back this. BlackRock’s IBIT ETF AUM reached $62.45 billion by December 5, up 5% weekly, while derivatives notional surged from $10 billion to $50 billion in four weeks, CME Group data confirms November 28.

Saylor tied it to macro:

Saylor dismissed the 4-year halving cycle as outdated. “The halving isn’t what drives Bitcoin anymore,” he argued in the clip, noting daily volumes at $100 billion, 5x the 2021 average, render supply shocks marginal.

Post-April 2024 halving, Bitcoin’s 120% YTD gain stems from ETFs and corporate treasuries like MicroStrategy’s 650,000 BTC holdings.

Source: https://www.thecoinrepublic.com/2025/12/07/michael-saylor-explains-why-banks-wont-wait-for-bitcoin/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Why Ripple’s CTO Doubling Down on XRP Ledger, Three Key Drivers

Why Ripple’s CTO Doubling Down on XRP Ledger, Three Key Drivers

The post Why Ripple’s CTO Doubling Down on XRP Ledger, Three Key Drivers appeared on BitcoinEthereumNews.com. In a recent tweet, Ripple CTO David Schwartz indicated that his hub had been running on rippled v2.6.2 with no issues reported. This information from the Ripple CTO prompted a question from an X user who asked what the hub was for. Responding to this question, Schwartz outlined three reasons why he chose to run a hub on XRP Ledger. First, he hadn’t been running any XRPL infrastructure for a few years and thought it would be cool to start again. It has a few purposes:1) I hadn’t been running any XRPL infrastructure for a few years and thought it would be cool to start again.2) There had been some instances of increased latency between some validators, and I thought one good megahub could meaningfully reduce network… — David ‘JoelKatz’ Schwartz (@JoelKatz) December 7, 2025 Second, there had been some instances of increased latency between some validators, and he believes that one good megahub could meaningfully reduce network latency and network diameter and increase reliability. Third, there were some localized issues with XRPL not performing as well as expected in some cases, and he needed a hub to test his theories for what might be causing these issues. Ripple CTO explains XRP Ledger push In August, Ripple CTO David Schwartz unveiled plans for a hub dedicated to UNL validators, other hubs and servers running XRPL applications. This, as a single server, would operate as a production service aiming for maximum uptime and reliability, relying on a single hub. Data gathered from it to understand network behavior and performance, and no disruptive testing would be done unless there were very unusual circumstances justifying it. The announcement of the hub and its launch came weeks before the Ripple CTO announced resignation from his role by the end of this year. In September,…
Share
BitcoinEthereumNews2025/12/08 01:44
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Share
BitcoinEthereumNews2025/09/18 01:44