Leading world banks are very cautious about the bitcoin. In this particular case it is not superficial judgments like "everything will go down in flames" - experienced financiers pay attention to real problems. Now the UBS, Bank of America (BofA), China Renaissance and other authoritative banks voiced their concerns.
First of all, they pay attention to the fact that over the years, the bitcoin has not acquired a clear legal status. In addition, officials are worried about the use of the bitcoin as a method of payment. One of the main advantages of the cryptocurrency - the guarantee of complete anonymity - is also a stumbling block. Nowadays, it is crucial to be able to track transactions. Finally, the growing popularity of the bitcoin, which the crypto community has been trying to achieve for a long time, can turn against the cryptocurrency. According to CEO of China Renaissance Fan Bao, the world's biggest cryptocurrency is "getting a little bit bubblish" due to its increasing popularity. After all, every day more and more people invest money in this asset.
Oddly enough, bankers highly appreciated the blockchain technology that is used for the bitcoin development. Almost every major bank has already tested this technology, and some of them have successfully implemented it in their work. However, the banks hold off offering their customers an opportunity to trade or invest in the bitcoin.