Cryptocurrency Information Bureau News: BBVA encourages wealthy individuals to invest in Bitcoin! Portfolio up to 7%. #Bitcoin #BBVA #Cryptocurrency
Video explanation
What? That bank too? Major Spanish bank BBVA encourages clients to invest in Bitcoin!
Hello everyone! I'm John, also known as Blockchain Brother.
Today, we bring you some surprising news about banks and Bitcoin. When you hear the word "bank," you might think of something serious, right? But now, banks are starting to pay attention to the hot topic of "Bitcoin." What's going on? Let's take a look!
What kind of bank is BBVA, the major Spanish bank?
First, let me give you a brief introduction to the bank called BBVA (pronounced B-B-E-A), which has been in the news recently.
BBVA is a very large banking group with its headquarters in Spain. It has branches all over the world and is used by many people. It may be easier to understand if you imagine a megabank that everyone knows, such as Mitsubishi UFJ Bank or Sumitomo Mitsui Banking Corporation in Japan. This is one of the major banks with a long history that is the subject of this news.
BBVA advises wealthy clients to "invest in Bitcoin"
Now, back to the main topic. This BBVA is actually a wealthy customer (wealthy class"The assets you own" is a term used to describe people who own a lot of assets.up to 7%Bitcoin and otherCryptocurrency(Angoshi: Why not try investing in cryptocurrency (digital assets exchanged over the internet that are protected by special encryption technology)?)" he apparently began advising them!
This is a result of BBVA's digital technology andBlock chainThis information was revealed by Philip Meyer, who is in charge of Bitcoin (a new system for managing information together. I will explain it in detail later!). Specifically, he said that he started giving advice about Bitcoin to individual customers from September last year.
"Up to 7%" means that, for example, if you have assets of 1000 million yen, you can put up to 70 yen into Bitcoin. Don't you think it's a pretty big move for a traditional bank to give such in-depth advice?
First of all, what is "Bitcoin"?
For those of you who are wondering, "What is Bitcoin anyway?", I'll give you a very simple explanation.
BitcoinIn a word, it is like "digital money that can be used on the Internet." There are some differences from the yen and dollars that we normally use.
- It is not issued or managed by a specific country or bank.Unlike the yen or dollar, which are issued by a country's central bank (the central bank of a country that issues money and decides monetary policy) like the Bank of Japan, it has no specific administrator or issuer. It is a bit of an unusual currency, managed by a network of computers around the world.
- Blockchain technology is used: Bitcoin transaction records are stored inBlock chainIt is protected by an amazing technology called "blockchain." This blockchain is a system that links many transaction records like a chain, and shares and monitors that information on many computers around the world. This makes it extremely difficult for someone to secretly rewrite information. That's why it's said to be "highly secure."
At first, it was perceived as "suspicious" or "unclear," but recently the value and amazing technology of this technology is gradually being recognized.
What's so great about this news?
You may be wondering, "Is it really that unusual for a bank to recommend Bitcoin to its customers?" In fact, this has a very big meaning.
Until now, manyTraditional Banking(The traditional banks we use every day) tended to be rather cautious about new digital assets like Bitcoin. This was due to the large fluctuations in value and the fact that it is still a new technology. They took the stance of "let's wait and see."
However, the fact that a world-renowned major bank like BBVA has officially begun advising its wealthy clients to consider Bitcoin as an investment option is...
- Evidence that Bitcoin's social credibility is growingIt's like a big bank has given its stamp of approval.
- Traditional financial institutions can no longer ignore the future and potential of Bitcoin.That's when I started to realize, "Maybe this could be something amazing."
Even people who have been skeptical of Bitcoin up until now may become interested, thinking, "If that big bank, BBVA, says so..."
What is the "portfolio" mentioned in the article?
The phrase "up to 7% of your portfolio" came up in the news.
"Portfolio" It may sound difficult, but in simple terms,The mix of different investments you have".
If we were to compare it to cooking, it would be like eating a balanced diet of meat, fish, and vegetables, rather than just one ingredient.
- Japanese company stocks
- Foreign company shares
- bond(Saiken: A financial product in which you lend money to a country or company in exchange for receiving interest.)
- Real estate (land and buildings)
- deposit
Investing in various things little by little is called "building a portfolio." By doing this, if the value of one of them goes down, you may be able to cover it with something else.Risk diversification(The idea is to divide and reduce risks rather than consolidating them into one.)
BBVA's advice this time is, "Why not add a little bitcoin to your portfolio?" This also means that banks are starting to consider bitcoin as "one of the proper investments."
John's comment
Wow, it feels like the major banks have finally come this far! When Bitcoin first appeared, I couldn't have imagined that the day would come when banks would recommend to their customers, "Why don't you invest in Bitcoin?"
Of course, any investment involves risk, and Bitcoin's price can fluctuate greatly, so caution is required. However, the fact that a large financial institution like BBVA has begun to offer Bitcoin as an option to its customers is a great proof that society is beginning to recognize the potential of blockchain technology and digital assets. It will be interesting to see whether other banks follow suit in the future!
This article is based on the following original articles and is summarized from the author's perspective:
BBVA Tells Wealthy Clients to Invest Up to 7% in
Bitcoin