Entrepreneur Fred Schebesta, known for having co-founded the Finder.com website, is interested in opening a cryptocurrency bank in Australia. He rightfully believes that crypto is gaining in popularity and that there is an increasing need to have a financial institution that can cover the space, asserting that there is no crypto bubble, as many seem to claim. He points out that people have always referred to Bitcoin as being in a bubble, even when it was worth $10 and as it continued to increase in value from $100 to $1,000. In an interview with media outlet news.com.au, Schebesta indicated that the market volatility has not lessened enthusiasm for crypto; only that people are currently disappointed with the current state of values. He says that crypto is similar to gold, adding, \u201cThe interest has boomed. I was at Consensus in New York, there were 8,000 people there. It took 30 minutes to get up the lift. New technologies are being built, it\u2019s like going from Basic to DOS. Bitcoin\u2019s like gold, it will just sit there and do its thing and keep on going, I don\u2019t think it will die.\u201d Schebesta feels that he could have a bank established within 18 months. In order to achieve his goal, he will need an Australian \u201cauthorized deposit-taking institution\u201d (ADI) license, which he could receive if he partners with an existing bank. To that end, he has already purchased shares in a Goldfields Money, the only ADI-licensed bank in Western Australia. He also points out, \u201cAs crypto adoption takes off \u2026 people are going to certain services custodianship, cold storage, escrow, exchange and spending.\u201d He further indicated that cryptocurrency lending will one day soon become a requirement in the financial space. The tech-savvy entrepreneur also drew a comparison between existing financial institutions and the continued expansion of the crypto industry. He said, \u201cDeutsche Bank has 98,720 people, they US$146 million in profit ,\u201d he said. \u201cBinance has 300 people and they make US$200 million in profit. Something\u2019s going on here.\u201d Schebesta became a self-made millionaire at just 26 years of age. He then went on to found Finder.com with Frank Restuccia, now worth over US$1 billion with operations in 10 countries. He is a crypto enthusiast who runs his own daily crypto talk show from the company\u2019s offices in Sydney, Australia.