The wind has shifted at this year World Economic Forum in Davos, as the attitude of traditional finance toward cryptocurrency moves sharply from skepticism to acceptance, with some even viewing it as a critical factor for existence.
🔸 The majority of bank CEOs expressed strong support for cryptocurrency. Instead of fearing risks as in the past, they now perceive digital assets as a potential filled business opportunity.
🔸 Notably, the CEO of one of the world's top 10 largest banks affirmed that cryptocurrency is now a top priority. This leader emphasized that integrating and developing this sector is not just a trend but a matter of survival for the bank is future.
🔸 This shift indicates that massive financial institutions are under immense pressure to keep up with the pace of fintech innovation or risk being left behind in the digital economy era.
When banking giants view Crypto as a matter of life and death and place it as a top priority, are we about to witness an unprecedented wave of mergers and integration between TradFi and DeFi?
News is for reference, not investment advice. Please read carefully before making a decision.
