The bitcoin price stands at $81,437 on Saturday morning, $526 below its level at the same time on Friday. The real news of the morning sits not in the chart but in an interview: according to Gerald Podobnik, co-head of its corporate bank, Deutsche Bank is only weeks away from holding bitcoin and ether in custody itself for institutional clients. Frankfurt is the first market. This article sets out what that means in practice, which assets are covered from day one, and why retail investors gain nothing from it for now.

Bitcoin price on Saturday morning: $81,437 and €72,460

Bitcoin trades at $81,437 at around 6:50 a.m. German time on Saturday, October 17. In euros that is €72,460. Over the past 24 hours the loss stands at 0.62…