Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Oh my God. If this could really happen buddy all body holding bitcoin at the moment will be in a lot of dough and the price of bitcoin will string up in a slap of fingers. My question is that is this news direct from true source?
If the big banks release a successful coin, bitcoin's market value would probably crash pretty hard.
hypothetical outcome?
the coin itself would be used to make all transactions regarding fiat on the blockchain
the coin would be the base value whereas the fiat on top say USD (now masked as 0.01 UTS) may be a fraction of the coins value
example hypothetically - $1 USD is 0.01 of a utility settlement coin, this is used to process your USD payment transaction
success or not it will just be the way
BTC impact - if there is a more informed public about "bank cryptocurrency" then its a matter of your choice between bank crypto or btc
whereas now it is FIAT or crypto