The crypto world is always in a frenzy! El Salvador is about to make big moves again — the world's first Bitcoin bank is coming!

Caiyue will briefly tell everyone that the El Salvador government has announced on the X platform that they are preparing to establish a bank specifically serving Bitcoin, named "Bitcoin Banks". This is not a small affair; it is a serious financial institution that can accept deposits, provide loans, and facilitate transfers! It's worth noting that they made Bitcoin legal tender back in 2021, and now they are the first to take this leap — this move is simply aimed at fully financializing Bitcoin!

Remember three years ago when El Salvador announced the legalization of Bitcoin? Wall Street was full of skeptics, but what happened? They made a fortune from Bitcoin tourism and paid off a significant amount of national debt. Now they are directly opening a bank, clearly aiming to upgrade Bitcoin from a "speculative tool" to a "mainstream financial product". This step is bolder than anyone else's!

Caiyue believes that this is definitely a major positive for the crypto community! Once the Bitcoin bank is established, it will be equivalent to issuing a "financial pass" to the crypto market, lowering the entry barrier for institutional funds. Just think about it — previously, large funds had to go through Grayscale Trust or exchanges to buy Bitcoin, but now they can go directly through the bank, leading to a huge increase in liquidity!

In the short term, this news might stimulate Bitcoin to surge again; in the long term, if successful, other countries will definitely follow suit. After all, El Salvador has already proven — small countries can indeed reverse their fortunes with Bitcoin!

Who should be the most worried now? Is it Wall Street, which stubbornly clings to traditional finance? Or those countries that still do not recognize cryptocurrencies? Let's discuss in the comments — which country do you think will be the next to follow suit?

There are no gods in the crypto world, only smart people who can read the signals. Caiyue's articles don’t boast or make empty promises; they only teach you practical survival skills. Follow Caiyue for daily strategies and be the first to know!