I just want to ask the opinions of the members of this forum regarding the gradual yet obvious turning of events in the world as regards the development of cryptocurrency vis-à-vis the banks and the governments.
We somehow give a connotation that cryptocurrency is a way out of the influential and powerful ways of the banks and the governments. No wonder why crypto first thrived in the underground--in the deep web for instance--
before it came out into the open and eventually into the mainstream arena.
However, we noticed that the banks and the governments are now getting into the crypto game. There are news that certain banks around the world are opening up for crypto already. And the governments are also accepting yet effectively regulating crypto at the same time, thus controlling it in some significant ways.
Do you guys think that the with the powerful banks and the governments joining in the crypto development, its revolutionary system will somehow get pulled towards the old kind of system we have right now?
I need your wide perspective on this please. Thank you.
Hi guys, although i'm relatively new here I'm not brand new to crypto. What i can see, we have everyone wanting to get involved in Bitcoin- but they are not shouting from the rooftops about it...yet! There is- and will always be- FUD thrown at BTC but in my honest opinion this is manufactured and manipulated at an attempt to drive the price down.
Just look around at things that are happening at the minute, we have Wall street involved, governments buying it, Big exchanges are starting to shift towards welcoming institutional investors. Indeed, Coinbase is to start offering an Institutional suite of product just a few weeks back. These things all point to one thing, and that is the big money is trickling in.
A lot of the FUD is created by the same people who are wanting to buy more- but Wall St and other big investors buy in at their price, not ours.
I sincerely hope we don't get pulled towards the 'old system' but i think its going to be inevitable if the price crashes too low