Crypto攻城狮|Jun 30, 2026 14:16
Amidst the downturn, traditional private banks have once again come out to 'bargain hunt'.
Goldman Lampe Private Bank, headquartered in Ras Al Khaimah, United Arab Emirates, announced that it has purchased approximately 120 million euros worth of Bitcoin, taking advantage of the recent downturn in the cryptocurrency market. This bank claims to be the first institution in the world to launch a cryptocurrency fixed deposit product. The chairman of the board of directors stated that it is strategically positioning itself at low prices, strengthening institutional holdings, and consolidating its position in the field of "traditional private banking+cryptocurrency assets" integration.
It is worth noting its background - this is a well-established private bank established in 1934, specializing in private banking, wealth management, and gold trading. A traditional bank with nearly a century of history, buying against the trend when Bitcoin fell below 60000 and institutions generally withdrew, has signal significance in itself.
But we need to stay clear headed. A scale of 120 million euros is not considered a big money to shake the Bitcoin market; Moreover, such public announcements of "buying at low prices" often carry elements of brand marketing - by high-profile bargain hunting and labeling themselves as "crypto friendly private banks" to attract high net worth clients.
But looking at the overall trend, the direction is real. Previously, SpaceX included Bitcoin on its balance sheet, SBI acquired a cryptocurrency exchange, Bhutan distributed it at a high level... Now, another century old private bank has added positions at a low level. Regardless of their size, traditional financial institutions' acceptance of using Bitcoin as an asset for allocation is indeed increasing step by step.
ETFs are flowing out and retail investors are watching, but this scattered buying from traditional finance is quietly emerging on the other side. Not much money, but the attitude represented is worth noting.
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