Italy’s biggest bank: “Crypto is dangerous!” … then buys Bitcoin ????

Intesa Sanpaolo, Italy’s largest bank, spent years calling crypto speculative, risky, even useless. Then in January 2025: “just a test” → it purchased 11 BTC worth about €1M.

It’s the classic playbook: warn the public, create fear, and then quietly accumulate for themselves. Banks never really change… but sooner or later, they all end up buying. ????