Why traditional banks may soon have no choice but to accept crypto

Traditional banks and cryptocurrency markets have long followed separate paths, but the question of when banks will fully integrate crypto into their financial services remains.

Roundtable anchor, Rob Nelson, joined by Sam Price, Host of Crypto Lifer, discussed the reluctance of major banks like Chase to embrace crypto, despite the growing interest from their clients.

According to Sam Price, this hesitation stems from banks’ desire to maintain control, despite the reality that “Their best and most reliable clients are the ones that got into bitcoin early.” Price shared his experience with Chase shutting down his account, noting the irony that banks are shutting out clients who could actually benefit them. He observed, “It's going to take time, but when it happens, it's going to be a landslide.”

Reflecting on his own shift to crypto, Price admitted he gave up on traditional stocks after discovering bitcoin’s potential, saying, “I own one stock — MARA — and I regret it because I would've made more money buying bitcoin.”

Price highlighted that while real estate can provide steady income, it often comes with practical issues like maintenance, which contrasts with bitcoin’s simplicity and ease of management.

Price believes it’s only a matter of time before more people shift to bitcoin, driven by frustration with traditional fiat currency. He observed, “Eventually, the average person’s going to be smart enough to realize that they don’t want to hold their money in dollars.” This shift, he predicts, will ultimately force banks to meet the demand for crypto integration in their services.