America’s Largest Banks Quietly Embrace Bitcoin Loans, Saylor Says
Michael Saylor, executive chairman of Strategy, told attendees at Binance Blockchain Week that the wall of skepticism inside big banks is breaking down faster than he once expected.
He said he had thought it might take four to eight years for major financial firms to move fully into Bitcoin. Now, he says, that timeline is compressing and the shift is visible right away.
Banking Giants Reverse Course
According to Saylor, the past 12 months have seen heavy hitters — including Citibank, BNY, Bank of America, PNC, JPMorgan, Wells Fargo and Vanguard — shift from hostility to a more welcoming stance on crypto.
Reports have disclosed that Vanguard has enabled clients to trade ETF shares linked to XRP and Bitcoin through its platform. Saylor added that internal plans are in motion at several institutions to roll out custody services and credit lines tied to crypto holdings.
Loans Backed By Bitcoin
Based on Saylor’s remarks, Charles Schwab is preparing to offer Bitcoin custody and to extend credit against BTC as soon as next year, and Citibank is said to be moving in a similar direction.
He recalled earlier struggles to secure bank loans using Bitcoin as collateral and said lenders have flipped their approach within roughly six months.
According to him, eight of the top 10 US banks are now issuing credit backed by Bitcoin, a claim that highlights how quickly attitudes appear to be changing inside the industry.
Political Climate Could Be Speeding Things UpSaylor pointed to policy shifts under US President Donald Trump as a factor that has encouraged banks to leave the sidelines.
Many firms were already experimenting with blockchain years ago — Goldman Sachs, for example, issued one of the first Bitcoin-backed loans in 2022 — but a friendlier regulatory tone, he said, has accelerated planning and product development.
Still, banks face legal, operational and risk hurdles before these services reach broad retail customers.
Meanwhile, traders and analysts are watching the Federal Open Market Committee. The Fed is expected to cut rates by 0.25%, bringing the target to 3.5%–3.75%, a move that often boosts risk assets like Bitcoin. Volatility is likely around the announcement, and some market players warn that early rallies can reverse quickly when the Fed provides forward guidance.
Technical Signals And SentimentBitcoin’s own moves were discussed alongside the banking story. The crypto fear gauge hit 10 this week, signaling extreme fear, and price rebounded from $86,700 to roughly $92,300.
One analyst flagged resistance near $94,200 and suggested a clean breakout could open a path toward $103,000. Another observer noted Bitcoin has lagged the Nasdaq’s recovery, a divergence that could work in either direction if markets shift.
Featured image from The Information, chart from TradingView



Bitcoin enjoyed a much needed rebound back to $94.6K today, reinvigorating traders, causing them to FOMO back in and expect higher prices. According to our social data scraping X, Reddit, Telegram, & other data, calls for “higher” & “above” exploded.
High bars indicate… 

Blue Chips Mostly Lose Ground
Two Collections Show Gains



INSTITUTIONS ARE ACCUMULATING 

As Bitcoin’s market value hovers around $90K, crypto’s top market cap continues to see its supply moving away from exchanges. Over the past year, there has been:
A net total of -403.2K 


<4 weeks, and XRP is now the fastest crypto Spot ETF to reach $1B in AUM (since ETH) in the US.
Read more:
ARGENTINA’S CENTRAL BANK JUST ANNOUNCED BANKS CAN OFFER


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