Bitcoin Institutional Adoption: A Money20/20 Perspective

Bitcoin Institutional Adoption: A Money20/20 Perspective

The Money20/20 was a display of the ever-growing fervor around bitcoin among traditional financial institutions.If you can’t beat ‘em, join ‘em. That's the recent acquiescent stance of the Federal Deposit Insurance Corporation (FDIC) after the chairman of the board of directors, Jelena McWilliams, expressed a few weeks ago, "If we don't bring this activity [Bitcoin] inside the banks, it is going to develop outside of the banks. ... The federal regulators won't be able to regulate it.” We are at an inflection point for when the thousands of banks holding trillions of dollars of deposits....


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