Post
Topic
Board Bitcoin Discussion
Re: Banks do not want bitcoin to become popular
by
Abiky
on 20/01/2023, 10:52:07 UTC
I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.  Sad

Of course banks hate Bitcoin. After all, it's decentralized money they can't control. The few banks you see supporting Bitcoin are only doing it for the profits. Not because they're ditching Fiat altogether. We have to admit that traditional Fiat currencies won't be going anywhere as banks won't let that happen. They're still too powerful even with crypto/Blockchain tech in play. What they will do in the end is adopt Bitcoin's revolutionary technology to create digital currencies of their own. After that, they'll be truly unstoppable. Unless people start trusting BTC more than Fiat (which is very unlikely to happen anytime soon), banks will be with us for a very long time.

At least we know Bitcoin will survive no matter what banks or governments do against it. That's because the BTC blockchain is decentralized and censorship-resistant. I hope it stays that way for the good of humanity. Who knows if BTC lives alongside Fiat for generations? Just my thoughts Grin