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.
The traditional market has existed for ages and they have tasted so many barriers and I can say they are still strong but because it's centralized and government control, it is not close to perfect for the people and I they feel threatened by the existence of Bitcoin(not to be confuse with crypto) and that's why often times, they use all they have to banter Bitcoin at any given opportunity.
Didn't you see because of the tremendous growth in Bitcoin, they have collaborate with government to offer Bitcoin ETF, they don't know how to downplay it's performance any longer so they opt for alternative to offer the same service through exchange traded funds and because the government is use to the tax and very greedy, they allowed it so they can get more tax as usual.