Royal Bank of Canada Doubles Bitcoin Holdings, Signaling Major Shift in Finance

Royal Bank of Canada (RBC) has taken a significant step into the world of digital assets. The bank recently boosted its holdings in Strategy, a Bitcoin-focused treasury firm by over 16%, signaling a major shift in traditional finance. This move highlights the growing acceptance of cryptocurrencies and their potential as an integral part of financial portfolios. Experts are analyzing this move as a clear signal that institutions are recognizing the long-term viability of digital assets.