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Bitcoin Banking Adoption | Bitcoin Bullets #1

20 December 2021 

The key Bitcoin talking points

  • A major report in Australia concluded that by the year 2030 the cryptocurrency industry could create over 200,000 jobs and generate AU$68.4 billion in revenue.  In a major shake up to the financial industry, Treasurer Josh Frydenberg announced “Australia has an opportunity to be among the leading countries in the world in leveraging this new technology”

  • US banks (including Wells Fago, JP Morgan Chase and Goldman Sachs) continue to actively hire new talent as they expand their newly formed cryptocurrency departments. Over 1,000 positions have been created since 2018 and in some cases a 50% salary premium was offered above
    comparable roles in legacy finance.

  • Over 50 million people in Germany could be able to purchase bitcoins directly through their bank savings accounts. The German Savings Banks Association stated “More and more consumers are interested in crypto-assets. One in ten customers of the German Savings Banks states he/she owns or has owned crypto-assets. Considering their expectations, the Savings Banks Finance Group has to look into crypto-assets, too.”

References

  1. https://www.news.com.au/finance/business/breaking-news/major-cryptocurrency-job-boom-predicted-by-2030/news-story/05a722a5801d42c58846bb0dcdc54878
  2. https://www.bloomberg.com/news/articles/2021-11-01/wall-street-is-amassing-a-crypto-army-and-paying-up-for-recruits?sref=PFCuwcPr
  3. https://cointelegraph.com/news/german-savings-banks-want-to-enable-bitcoin-for-50m-clients-report

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