Post
Topic
Board Bitcoin Discussion
Re: Bank of America covers Bitcoin - 1300$ fair price, potential for growth
by
501
on 06/12/2013, 07:37:38 UTC
people need to start getting used to the idea that if Bitcoin makes its mark, the banks will be there.  that's what they do, make money from money.  given their existing resources and some of the issues with Bitcoin, they will end up running the network.  and if not the current banks, then those who run the network will be the banks.

Given that it's their business to make money with money, I can't see how any bank, big or small, could ignore bitcoin.


This.

Bankers don't care about the products they're investing in. They only care that those products are making money.

If gold is making money, they invest in gold. If bitcoin is making more money, they gradually move to invest in bitcoin.

There is no "bankers and the 1% love fiat money and fiat is here to stay." Bankers don't care about fiat, they care about making lots of money and buying expensive things. If bitcoin is the best way to achieve that goal, they'll be investing in bitcoin soon enough.