Post
Topic
Board Economics
Re: What is the difference between banks and big whales in crypto?
by
axxo
on 08/07/2023, 08:07:53 UTC
Banks are earning big profit from our deposits, they earn bigger than the interest that we get from our deposit because they put a bigger interest rate through thier borrower's or lenders, i think bank is not too far from big whales in crypto they buy or collect coins in dip and they sell in bull and they earn bigger from the holders that sell at loss  they are almost the same or what? What dou you think?

Well banks and big whales in crypto are two different entities. Banks are traditional institutions that provide a wide range of financial services including loans, savings accounts and investment products and they are regulated by governments and are subject to strict rules and regulation. While big whales in crypto are individuals that hold large amounts of cryptocurrencies. Those individuals can impact the price of cryptocurrencies by buying or selling in large amount. Big whales are not regulated by government and they can operate in a large unregulated market. One of the difference also is the transparency of the transactions because in bank they transactions are mostly known by the government while in crypto they can do transaction anonymously.