Post
Topic
Board Economics
Re: What is the difference between banks and big whales in crypto?
by
flyingcarpet
on 21/07/2023, 09:26:11 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?

The biggest difference between banks and Bitcoin whales is that while Bitcoin whales do not share, banks share their profits. Of course, this situation does not change my negative point of view towards banks. As we have seen in the recent economic difficulties, banks did not support people especially in lending. Despite making the biggest profits in their history during the Covid period, they did nothing about support. This was the situation in my country.

It may not be right to compare bankers and Bitcoin whales, but what they both have in common is that they play a decisive role in the market.