Post
Topic
Board Bitcoin Discussion
Re: Bank vs Crypto: Are they opposites?
by
MinoRaiola
on 08/09/2023, 20:01:11 UTC
Conflict:

Banks are concerned that crypto could reduce the use of fiat currency and reduce their revenue from services such as credit cards and loans.
Banks are concerned that crypto could be used for illegal activities such as money laundering and terrorist financing.
Money or bitcoin or even gold is always used for good and bad things. And I dont think that will ever change, you have to exchange values if you want to own something. The banks are afraid because they cant control Bitcoin, otherwise they are also afraid of gold. Now banks are trying to offer a hodl service so they can get power over some of Bitcoin.