Re: Banks are collapsing. Will Bitcoin and other cryptocurrencies rise from here??
Without a doubt bitcoin is better than fiat, however those at the very top benefit from having such an unfair system in which they can abuse money printing and their political power to do whatever they want, and it is unlikely they are going to be persuaded to change their ways, so they see in bitcoin an enemy that must be destroyed or at least tamed so it does not become a threat to them, this is why we are seeing so many regulations against this market lately, as those powerful people are worried they have pushed the economy too much and people begin to adopt bitcoin as a way to protect themselves from their manipulation.
We know for sure banks won't give up "without a fight". They will cooperate with mainstream governments to try to bring down the crypto industry for good. Their chances of success will be low thanks to the decentralized and censorship-resistant design of crypto/Blockchain tech, but they will certainly make an impact in terms of mainstream adoption. Regulations will continue to increase until crypto becomes "weaker" against Fiat.
There's no reason to worry about this, especially when crypto was never meant to replace the traditional banking system. The recent collapse of major banks in the US and Switzerland will only become history, as they become bigger and stronger than ever. Crypto (especially Bitcoin) has come a long way since its inception, so don't expect it to disappear anytime soon. Who knows if it lives alongside Fiat for generations? Just my thoughts
