Post
Topic
Board Bitcoin Discussion
Re: Why many banks hate cryptocurrency ?
by
Layonk
on 23/05/2018, 13:52:39 UTC
I have seen many news about banks banning bitcoin from using. But I think bitcoin is a great technology and future assets, and its a great opportunity for banks also to use bitcoin as a contribution. My question is why does they ban it rather than use bitcoin ?

Because they are like the opposite magnet poles. The growth of Bitcoin spells the weakening of the banks. The more Bitcoin is appreciated, the more the banks are being reduced to the sidelines. The success and victory of Bitcoin might mean the death and rendering of the banks useless. That is why the banks are really dead afraid that Bitcoin is going to conquer the world.
They have no good information about crypto and it might be the reason. They have new competitor like bitcoin. If they see the benefit of bitcoin then I'm sure it will be supported on all sides of its excess. For this moment it's still a matter of concern or has certain considerations related to certain risks.