Saylor Unveils Bitcoin Banking Adoption Index: Major Banks Lag Behind

Michael Saylor announced on Monday the 'Bitcoin Banking Adoption Index,' developed by Strategy Inc. (NASDAQ:MSTR), which assesses the level of Bitcoin adoption among leading banks and financial institutions.

The index scores top institutions such as Fidelity at 71%, Goldman Sachs Group Inc. (NYSE:GS) at 45%, and JPMorgan Chase & Co. (NYSE:JPM) at 43% across various categories, including trading, custody, exchange-traded products, stablecoins, blockchain products, margin, and leadership.

The overall adoption was at 32%, with Saylor stating that 'major-bank Bitcoin adoption is accelerating, but still early.'

Saylor has emphasized the need for major U.S. banks to purchase, sell, and custody Bitcoin, as well as issue credit and margin lines against the asset.