Post
Topic
Board Economics
Re: The role of bank and why we still need them, or do we?
by
Cryptohygenic
on 11/04/2025, 11:50:51 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.


The fiat do still have valuable roles to play in the bitcoin sector since Satoshi never even had the intention to compete bitcoin with the banks rather than creating other means we can can make payments in digital form but a unique system which our funds on bitcoin will be decentralized.
Meaning not regulatory as the fiats being controlled by the banks.
I don't also think anyone saying having all of our money on bitcoin is a good am advice because even when we invested on bitcoin, we would still need to sell some days and exchange for fiat and have it rolls in the bank for dispensaries since there is poor number of people accepting bitcoin for payments.
Investment is good when we stick to it plans by allowing it be productive on yielding good profitable values which can only be achieved when we don't temper it at any course of emergency needs.
So the right approach is that we should only have our emergency funds or one that we thought to use in a close time in the bank while a long time savings should be stored in the bitcoin where it holds a long term potential values.