Post
Topic
Board Bitcoin Discussion
Re: When will banks start a war against bitcoin
by
Shuffle2017
on 23/10/2017, 20:44:29 UTC
Banks are definitely a big time HATERS of BTC. It is because if people start using BTC instead of fiat, nobody going to keep the money in their bank account and it all starting transfer to their crypto wallet. If something like this happen, whole economy will collapse coz bank never have that much cash reserve with them that give payment to all the depositors. NO DEPOSITS...NO LOAN SERVICE...means NO REVENUE.

They will just increase fractional reserve lending to 1:100 or 1:1000 or print more money, they control the system and can tweak it whatever way they want.