Quote from: goldade on Today at 04:38:03 PM

Quote from: Powerloader on January 14, 2021, 02:05:17 PM

This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' - I dont think Banks are reliable 'barometers' when making Bitcoin predictions as I have seen so much negativity from them since 2017 - Now the Banks and Governments are talking about launching their own Crypto to complete with Bitcoin but surely this wont be decentralised so its not really going to be 'The internet of money' is it?

I have lost count of the number of times negative statements like this have been made by banks and governments concerning bitcoin. We all know this is actually because bitcoin is out of their control.
I, however, believe that this statement is not as as negative as it seems. You should know that bitcoin has gotten to the stage that any publicity, even bad ones, is good publicity. It doesn't matter what you say about Bitcoin, those who are truly interested will take time out to find out what and how it works.
Concerning banks creating their own coins to compete with bitcoin, well, we can only say, let them create it. Many of these altcoins were created with that same purpose only to realize it's not achievable. Bitcoin is and will remain the best coin.

If there is anything good that I can only read about crypto from the banks is that they are trying to use blockchain the rest it's all negative to cryptocurrency particularly to BTC. All altcoins has the tendency to compete with BTC though. If banks will try to compete by creating their own coin, let them try. There is nothing wrong to it but we all know the result soon.