Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is it the Future of Banking ?
by
Gunawan82
on 03/08/2018, 15:45:55 UTC
I truly hope this is the case but I believe banks to be a tougher adversary than the media companies. My greatest fear for bitcoin alongside government regulation of the crypto-fiat boundary is market manipulation by a collaboration of banks or even governments. The US Gov created a 'Gold club' in the 60's that comprised of several governments. They tried to keep the price of gold below $35 an ounce for about 5 years until they had to abandon the plan as it cost too much. I fear a similar situation could happen to bitcoin.