The Oldest Player in the Game Is Going Big on Crypto

The Oldest Player in the Game Is Going Big on Crypto

The Bank of New York is one of the oldest in the world.

Founding fathers Alexander Hamilton and Aaron Burr were among the group that established the bank in 1784.

Five years later, Hamilton – then the Secretary of the Treasury – orchestrated a loan from the Bank of New York to the United States – giving the government its first loan.

The loan paid the salaries of Congress and the nation’s first president, George Washington.

And in 1792, it became the first company to trade on the New York Stock Exchange.

Since then, the Bank of New York has become a giant in the financial world and major innovator on Wall Street.

(In 2007, the Bank of New York merged with Mellon Financial – one of the world’s largest asset managers – to become BNY Mellon.)

Today, BNY Mellon is the largest custodian bank in the world. It has $47 trillion in assets under custody… and $1.9 trillion under management across 35 countries.

I’m sharing this brief history lesson to educate you about the future.

For years, BNY Mellon has sat on the sidelines as tiny offshore firms and upstarts like Coinbase have made billions of dollars providing crypto trading and custody services.

Crypto is the asset of the future. And BNY Mellon didn’t become a Wall Street titan by sitting idly on the sidelines and letting high-growth opportunities pass it by.

It wants a piece of the multi-trillion-dollar crypto pie. And this 200-year-old giant has finally muscled its way into this asset class.

On Monday, federal regulators gave BNY Mellon a waiver allowing the bank to custody digital assets on behalf of its institutional clients.

Think about that… Really ponder what that means.

BNY Mellon is tasked with safeguarding more money than the entire annual economic output of the United States.

Why would you put that at risk if you weren’t completely convinced that bitcoin and digital assets have a bright future of further adoption ahead?

BNY Mellon doesn’t take outrageous risks. You can’t survive countless wars, famines, pandemics, and depressions by taking outrageous risks. It sees the future, and it’s ensuring it doesn’t get left behind.

This is just the latest evidence that The Convergence I’ve been warning you about is playing out faster than even I expected.

Friends, I’ve been working overtime trying to spread the word about The Convergence so everyone can position themselves in the correct cryptos.

Because once the confluence of the three catalysts finally comes together – those holding the wrong tokens could see them get abandoned and ultimately go to zero… While those who have positioned themselves correctly could see face-melting gains.

Removing a Major Roadblock to Adoption