Post
Topic
Board Economics
Re: The role of bank and why we still need them, or do we?
by
Pi-network314159
on 11/04/2025, 08:14:58 UTC
I see many people saying that they trust bitcoin more than they trust their banks, well it's a matter of choice anybody can choose what to trust either to trust bitcoin or to trust their banks, and many too has developed the habit of saving all their money in cryptocurrency, like bitcoin rather than putting some in the bank and putting some in bitcoin as an investment, though it's not a problem, I just want quickly remind some focks the role of Bank and why we still need them.
Whoever uses because of Bitcoin and say we don't need bank doesn't knows what he or she is talking. As a matter of fact Bitcoin was created to be used as an alternative to fiat, which means that Bitcoin will work hand in hand with fiat but doesn't mean that fiat or bank completely useless. Fiat has a lot of benefits. Money in the bank is considered as a discretion fund which can be used to purchase Bitcoin or to be used as an emergency fund or the fund that can be used to settle other important need while Bitcoin is a an asset for great store of value. So both are important in their ways, one can not be neglected for the other.