It seems like most of the high net worth individuals are investing in cryptocurrencies. A Private bank in Switzerland by the name of Maerki Baumann has recently announced that it will allow cryptocurrency deposits. This is the second Swiss bank to allow cryptocurrency deposits. Of course, the huge demand for cryptocurrency facilities is not allowing the banks to stay away from cryptocurrencies. That is why more and more banks are offering the cryptocurrency facilities.
Volatile cryptocurrency markets:
Currently, cryptocurrencies are pretty volatile. Bitcoin has fallen all the way from $ 20,000 to $ 6700. This is the reason why many of the cryptocurrency investors are actually not sure whether they should invest more or not. A good idea will be to buy this dip. If you buy this dip, you will be able to get the cryptocurrencies at a much lower price. When you get the cryptocurrencies at a much lower price, the ROI which you will be able to gain will be on the higher side. That is why many of the banks are now offering the cryptocurrency services.
Falcon Private bank has also started providing Bitcoin ATM. With the help of Bitcoin ATM, the cryptocurrency investors will be able to directly by Bitcoins. They are going on installing in different locations like London, Abu Dhabi as well as Luxembourg. This is one of the main reasons why the awareness about cryptocurrencies is increasing significantly as well.
This is not just a single bank which is offering cryptocurrency deposits. Over the months, many different banks have started offering the same.
Increasing client demand:
Banks cannot ignore the demand from the high net worth individuals. Most of the high net worth individuals are not only investing in cryptocurrencies but also trying to figure out a way in which they will be able to store the cryptocurrencies quite easily. That is why the banks have started providing the same.
Also, when you look at the retail investment in cryptocurrencies, you will realize that the retail investors are also coming on board when it comes to cryptocurrencies. This is one of the main reasons why the retail investors are able to gain quite a few exchange facilities as well.
With more and more banks offering the cryptocurrency facilities, it is just a matter of time before cryptocurrency investing actually becomes mainstream. Moreover, this dip is a good buying opportunity if the investors are looking at a period of 5 years or more.