Quote from: LogitechMouse on May 29, 2020, 12:32:44 PM

Quote from: Flickkk on May 17, 2020, 12:06:05 AM

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So whats your insight about this news? What will happen in bitcoin ?

I knew it already that this will happen.

They criticized Bitcoin in the past years and many have declared Bitcoin is dead already. These bank owners are spitting shit with Bitcoin and now this pandemic happens and they will support Bitcoin and will use it in their Banking services. I'm happy that they've supported it but I know that this will not last long as I don't trust any banks. They just added it so that they will have some money to use for the pandemic. They added Bitcoin exchanges because the value of dollar is slowly withering already. I don't fucking trust these bank owners who criticized Bitcoin at first then now they are supporting it.

I'm just kinda frustrated with them. I know that this will be a good news for the holders but these are banks who are the greatest enemies of crypto. Most of them are against to it and now they are just supporting it.

They are now supporting it because the bankers saw the opportunities of accepting cryptocurrencies. In these past years we saw how did they warns the public about making investment with bitcoin and some cryptocurrencies. They keep insisting that it is a bubble or it is a scam so stay away with it. They are also destroying the image and spreading fake news but now it seems that they are willing to give support to change and upgrade the current system.

The banking system will eventually crash in the neae future if there will be no specific developments, investors and its customers will decrease gradually if it happens and that is why there should be change that they should now do in order to improve their current system and avoid the next crisis. For sure that they will agree that bitcoin and the blockchain technology is what we need in this Information Age.