Post
Topic
Board Economics
Re: Crypto to trigger a global bank run?
by
BitHodler
on 30/05/2019, 06:44:43 UTC
Nope. I simply do not think that bitcoin is in direct competition with banks per se, nor is it going to replace a lot of the functions that the banking system offers.
I don't think that people even realize what they are wishing for. They just jump on the anti bank--government bandwagon because they think it's cool to rehash the words of a bunch of crypto maximalists.

Another thing is that they hope the price will go up a lot, but as foolish as people are, they aim at an increase in fiat value, which you only benefit from when you cash out to your bank account. How ironic is that, right?

There is no shortage of fools here. Banks will stay here and can easily adapt to the changed climate by offering crypto related services, where some banks have already started doing so.