Post
Topic
Board Bitcoin Discussion
Re: Chinese bank crises grows - good for bitcoin
by
groll
on 22/06/2016, 07:04:41 UTC
The banking crises is getting pretty serious now.  This could be the last straw.
http://edition.cnn.com/2016/06/21/asia/china-bank-spanking/index.html


Bank crisis doesnt always mean that it is good for bitcoin industry. At this point of time banking transactions is a big help in purchasing bitcoins. People send their dollars to the owners bank account in exchange for bitcoin. With the society dependent on banking system, banking crisis will lead bitcoin into bankcruptcy. Banking system is needed right now for bitcoin economy to grow. Bank crisis will only be beneficial to bitcoin industry if bitcoin is in full bloom and there is a declaration to use bitcoin as a universal currency.