Here's How Silicon Valley Bank Is Trying To Crush Crypto's Best Startup

It is true that some traditional banks and financial institutions have been reluctant to embrace cryptocurrencies, viewing them as a threat to their business models or as being too risky. However, it is important to note that this is not true of all banks and financial institutions.

In fact, some banks and financial institutions have started to explore opportunities in the cryptocurrency space, such as offering custody services for cryptocurrencies and investing in blockchain-related startups. Additionally, there are now banks and financial institutions that are specifically focused on serving the cryptocurrency industry, providing services such as banking, lending, and investment management.

As the cryptocurrency industry continues to grow and evolve, it is likely that traditional banks and financial institutions will become more involved in the space. While there may be some competition between established players and newer startups, there is also the potential for collaboration and partnership, as both sides bring unique strengths and expertise to the table.

Overall, the relationship between the cryptocurrency industry and traditional banks and financial institutions is complex and evolving. While there may be some challenges and obstacles to overcome, there is also the potential for innovation, growth, and collaboration in this dynamic and rapidly-changing space.