It's a matter of time Deutsche Bank collapses, starting a new 2008 event, just worse. Bitcoin will obviously skyrocket as a result, the question is when is it going to face it's inevitable collapse? I reckon it's going to happen anywhere next year.
I hope you're right & bitcoin does prosper from a potential Deutsch Bank crash but how do we know there won't be somebody or something to save their ass?
I know the EU is fucked & will eventually crumble but we all got excited over Cyprus & Greece & they got away with it, bitcoin didn't get anything out of their misfortune.
There will be another bail out
Banks receive money from individuals.
They use this money, loan it out on interest.
Thus cresting more money.
They only reserve .02 cents for every dollar deposited in said bank.
Financial turmoil happens.
Bank has no money
Bank meets with goverment and says were to big to fail, the world can't handle it
Goverment goes to central banks, prints more money on interest gives the money to government
Government gives money to banks in a form of bail out.
The tax payer is the signature on the loan, that the government will pay the central bank back.
The game of bail outs.
The question is how long will the game last?