From being unable to get loans to 8 banks competing to do so, among the top ten banks in the United States, eight have already ventured into cryptocurrency lending. During the Binance Blockchain Week, Michael Saylor pointed out that the speed at which Wall Street is turning to Bitcoin is astonishing. He stated that the world's largest banks originally expected to take 4 to 8 years to accept Bitcoin, but this transition has already occurred. He noted that banks such as Bank of New York Mellon, PNC Bank, Citibank, JPMorgan Chase, Wells Fargo, Bank of America, and Vanguard have shifted from a negative or skeptical attitude towards cryptocurrency to supporting it in just 12 months.