Quote from: Obari on Today at 07:02:45 PM

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'?

Bitcoin was created for everyone but banks, government, and everyday people, but we all know most governments are against the decentralisation of bitcoin and with your above statement I think I find the bank suspicious because it is centralised and controlled by the government, just like In my country where the cbn asked some local exchange to flag the accounts of some crypto investors.

However there's a saying that if you can't beat them, you join them maybe these banks have come to understand that is almost impossible to restrict people from using Bitcoin and crypto exchanges in saving and have found out that it aids a better and faster means of transaction so they decided to join. But left for me I'll rather invest or buy cryptocurrency through safe and trustworthy exchange than investing through the bank.

They will attempt to take over BTC. It's not a problem as far as I know since they are going to be using it as well. Otherwise, it will just be in their wallet. Supposedly they will also be selling their BTC when the time comes. Hard to say they can buy all the BTC supply in the market, it wouldn't be that easy but Blackrock is quite rich and they are using coinbase for their custodial.

If they all got the BTC, what would they do to it? Kill?
They had to realize there are lots of cryptos.