Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Why are banks and governments scared of Bitcoin?
by
emanjun
on 17/05/2018, 14:04:09 UTC
⭐ Merited by kauban2018 (2)
So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
I think maybe because banks are scared to be defeated by bitcoin. They know that they cant compete with bitcoin because they know the capability of bitcoin to help people more than what they give.