🚀 Business Blunders:
1. Nokia refused Android 📱
2. Yahoo rejected Google 🌐
3. Kodak refused Digital Cameras 📸
4. Blockbuster declined to buy Netflix 🎥
5. Excite passed on Google 🔍
6. MySpace rejected Facebook 📘
7. #Bitcoin dismissed by major banks 💸
Imagine how different things could be! 🤯 #BusinessDecisions 
#Bitcoin is not a business for banks. They earn money by printing and lending it. They love Fiat.
That's not really true. Banks are heavily regulated and forced to obey the fiat masters at the Treasury and Central Bank. There are plenty of banks that would love to get involved in bitcoin and stop buying those garbage treasuries, but they can't.
Bitcoin will reform the banking industry by giving them a form of collateral that can be settled almost instantly.
Sorry my friend, that's wrong. What do you think how banks earn money?
Commercial banks earn money in a variety of ways:
1. private loan interest
2. mortgage interest
3. account maintenance fees
4. transaction fees
5. loan origination fees
6. holding securities
7. proprietary trading
8. wealth mgmt and advisory services
9. credit card interest
10. forex trading
11. underwriting services
12. investment banking (mergers and acquisition advisory, capital raising, market making
13. Loan securitization
14. mutual fund fees
15. etf trading fees
16. insurance products
17. safe deposit boxes
18. federal funds lending
19. holding government treasuries which provide a yield.
Those are some off the top of my head.
if you study the space you'll find that many banks do not want to fractionally reserve but they are, again, forced to by US banking regulations.
I'm guessing you don't really know as much about commercial banks as you think. But if you dig into it you'll find that the way banks operate, in a predatory and hostile way, is caused primarily by the draconian regulations they are forced to follow to maintain their licensing.
But you know, that banks can create money out of thin air and the fractional reserve is just a small part of that, they need as equity capital?
The major banks lobby the government and regulators to bend their policies in their favor. So far they have been short sighted and fear Bitcoin rather than embracing it. Yes Bitcoin does allow you to self custody and opt out of the traditional banking system but for mainstream Bitcoin adoption in the near term, support from major banks might be necessary.
What are "major banks"? Federal reserve partners, commercial banks? exactly what banks are you talking about?
most commercial banks would love to custody bitcoin but they are not permitted by the current regulations
