Post
Topic
Board Economics
Re: Crypto to trigger a global bank run?
by
Xampeuu
on 12/06/2019, 09:14:57 UTC

I think everyday trust toward to the money is rapidly depleted, and people will finally realised how ignorant and gullible they’re to just earn the IOU garbage fake money, do you think crypto will trigger the complete bank run? Or any other delusional store of value that we don’t know yet?

What do you think about bank run? Does this mean people will lose trust on bank because of crypto? I think this will not happen because cryptocurrency needs Fiat money to have value. So in other words, to materialize crypto we need banks to make cash out of cryptocurrency.
I agree. conventional banks will always be there. with the number of employees in it, it will certainly disrupt the economy of a country if it is eliminated. and especially developing countries will object to that