Now that the COVID-19 pandemic is on the loose, even Wall Street hedge funds believe that Bitcoin is a safe asset, along with gold. "Rich Dad Poor Dad" author Robert Kiyosaki also turned out to be a rigorous supporter of BTC, putting it right next to gold and silver.
However, banks still appear to be regarding Bitcoin as their enemy and are freezing the accounts of customers buying BTC. BTC retail investors have been discussing the situation on Twitter.
Twitter user @ HealThyself15 has shared a post claiming that his bank account was frozen after he started buying Bitcoin about a week ago. However, a half-hour phone call to the bank solved that problem.
“My bank account was frozen today because I have been buying #bitcoin all week. So I had to call my bank and wait 30 minutes to speak to someone to unfreeze it. Which was a good reminder of why I was buying Bitcoin in the first place. "
Another Twitter user supported @ HealThyself15 in the comment thread, sharing a similar experience from Canada. He mentioned, in particular, that banks are blocking purchases made on the Coinbase exchange.
“In Canada, banks block purchases on Coinbase and you have to call to unlock. I had to call 3-4 different times and then I convinced others to buy and they had the same problem. #banks"
The user @TomasPhilosophy shared his experience when sending money to Coinbase:
“My bank calls me every time I transfer money to Coinbase. I just actually talked to them. Where did you get the information for this account? A friend? Do you have an account there or? "
A considerable number of other users shared similar experiences in that comment thread.
Executive clients have also experienced similar freezes
Previously, it was reported that a former senior PayPal executive, Roelof Botha, closed his account at Bank of America after being a customer for twenty years.
The community assumed that Botha had been buying Bitcoin. Interestingly, in addition to being a former top PayPal executive, Botha is also a major venture investor in Silicon Valley.
Tron's CEO Justin Sun later tweeted that the same bank had also frozen his account.