Post
Topic
Board Altcoin Discussion
Re: Citigroup Is Testing Its Own Bitcoin: 'Citicoin'
by
Nxtblg
on 16/07/2015, 01:04:52 UTC
It may be a reverse ploy by banks to show that crypto won't work - to the general, uninformed public.

That's very doubtful. There are lots of stock analysts watching Citigroup like the proverbial hawk. All of them will conclude that the announcement of Citicoin means that Citigroup is moving into cryptocurrency - at least at an experimental level. If Citigroup management pulls a "reverse ploy", those analysts will seriously question their sanity. In Wall Street and Executive Row, the kind of thinking you and I sometimes use is dismissed out of hand as "conspiracy theorizing."