Quote from: Vaskiy on Today at 11:51:57 PM

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Quote from: PeRo on June 25, 2023, 08:06:44 PM

Since they couldn't suppress Bitcoin, some banks are now endorsing investing in it. I remember seeing that I could buy and sell Bitcoin (and other cryptocurrencies if I remember correctly) straight from my business banking app when I was working on financials in some company a while ago. Now I wonder, do they just want to enter the market and profit off of it or are there some other intentions? Since they offer an exchange for business users, could it be possible that the system could be used so the government could actually tax Bitcoin by taxing the company investing in it trough the bank account?

Maybe I'm overthinking this, but when banks are involved with Bitcoin it always seems like an attempt of gaining some sort of control over it or push it to be more centralized in some way. And seeing more and more of them getting involved doesn't really comfort me.

What do you guys think, should banks even be in 'the game'?

If the banks agree to buy Bitcoin I think more investors will help accumulate the numbers. Because Bitcoin is not controlled by any owner or authority the only one who buys it (will own that piece of Bitcoin). So this change in bitcoin future is great because banks have created attention to bitcoin which is a plus point. Later on, Bitcoin futures will be dictated by the bank authorities as the number of investors increases and the Bitcoin price continues to peak overnight.

The best thing on such move will be the common man's involvement with bitcoin. Most of the time people doesn't trust something new, but it have big trust upon banks, I'm not sure on what basis is this happening. When bitcoin can be bought through banks surely it'll reach more people and they'll start investing. People who aren't much educated find this difficult to spend online. Banks helps them have a place where they can request help in person which isn't possible while using an exchange service.

Is this happening? If yes then it would really be a good thing about exposure and recognition of Bitcoins existence but if we do speak about its utility and application then going pass through banks would definitely
be removing the real essence of Bitcoins existence or actual utility.