Re: The Relationship Between Cryptocurrency and Traditional Banking
Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
With how centralized the crypto industry is becoming, I don't think it will ever threaten mainstream banks. Especially when the world is still stuck with the Fiat standard. Using crypto (particularly Bitcoin) as a unit of account is a long and distant dream. Between scaling issues and volatility, crypto will only remain a speculative investment tool forever.
Now with approval of Bitcoin spot ETFs by the SEC, banks have won. So much for "removing the trusted third party", right? Most people don't care about this as long as their pockets are filled with money. I'm hoping it's not too late and Bitcoin can still deliver its promise of "banking for the unbanked".
