Who profits the most from bitcoin? The Banks

Published on 14 November 2024 at 14:44

https://cointelegraph.com/news/bitcoin-record-highs-push-big-banks-profits-billions

Wall Street banks are sitting on post-election gains worth $1.4 billion as Bitcoin prices soared, according to estimates from Forbes. 

 

"Big banks reportedly piled into Bitcoin futures contracts in the weeks before the presidential election, amassing a total of 10,564 new contracts, equal to 52,820 BTC. The analysis is based on data from the United States Commodity Futures Exchange Commission (CFTC) released on Nov. 5."

-ANA PAULA PEREIRA

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