If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.
You're not meant to say these things! People on this place actually think that Bitcoin is a hedge against collapse of USD and that when the USD actually does collapse, that we are all going to happily exchange things of real value and use for lines of algorithmic computer code backed by no real commodity and backed by absolutely no standing authority! Those of us that have most of these lines of code are going to be the richest!
Me and how many more other people who might be feeling the same way?
Are Bitstamp going the way of MtGox?
Are these KYC routines a transaction delaying mechanism? If so, then Bitcoin is fkd.
Do you really think anyone reading this forum is speculatively holding bitcoin as a hedge against USD collapse? Of course you don't.
Do you really believe Bitstamp is insolvent? No of course you dont. Manipulative trash as usual!