After the PayPal news, every major bank will be forced to start accepting bitcoin

The news out of PayPal today just changed the game for banking in the United States.

Every major bank is now meeting trying to figure out how they are going to integrate bitcoin into their banking infrastructure.

It's not a matter of it, it's a matter of when and how.

(source: https://twitter.com/chamath/status/1319043760831909894/photo/1)

I'd love to be a fly on the wall at JPM.

You know, the bank that bashed bitcoin and crypto for years and years before ultimately banking Coinbase and owning a fund in Europe with bitcoin exposure.

I can't wait till some exec says, but Jamie, weren't we supposed to be against this thing? Wasn't this supposed to be a fad?

Jamie will say I know, I got his one wrong, but we can make money off of it now so lets get to work!

First they ignore you, then they fight you, then you win.

What stage do you think we are at right now?