So perhaps do you guys think the reason why most countries are having some restrictions on Bitcoin is because of the effects it has on the bank that people prefer to invest there funds on Bitcoin instead of banks?.
Yes it could be so because bitcoin has pose a lot of threat to the banking sector globally. In as much many Bitcoin enthusiast will want to stop using the bank and be their own bank with bitcoin, we cannot deny the fact of the benefits we get by using the banks that bitcoin can’t offer us e.g taking of loans. If the government are still standing firm not to allow the legalisation of bitcoin, there’s no way it can replace the banking system totally. For now, it will continue to serve as substitute to bank but can’t eliminate the use of bank.