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.
To a certain degree, the rise in the value of cryptocurrency such as Bitcoin can truly be said to be a threat to traditional banks, in the sense that when the value of Bitcoin starts to rise, people who had money in banks most times are always prone to withdrawing their funds to invest in Bitcoin so as to reap a little profit as the market soar higher, rather than leaving the whole funds in bank where it yield no profit. But still yet, the role of traditional banks can never be underrated as a medium which aided both the buying and selling this cryptocurrency. Hence, a constant increase in Bitcoin will always lure many into withdrawing their bank funds so as to invest in Bitcoin