Post
Topic
Board Economics
Re: Will banks go on extinction if they do not adopt cryptocurrencies?
by
Abiky
on 19/07/2025, 00:55:18 UTC
The more likely scenario is manipulation by banks and wall street in order to try and accumulate more coins for cheap. Depending how desperate they get, determines how desperate their measures go both within the Bitcoin market and outside of it. This is nothing new, during earlier times where people and entities competed/fought for rule over assets and commodities, banks and wall street were known to play dirty. No different this time.

Centralization through ownership of supply (which would effect the market, not network) is a possibility if people sell to them. Centralization of the network is a much larger and more complicated task, requiring control over territory and influencing/controlling both local and international mining operations.

I know that concentrating the supply in the hands of a few affects the market. But if big players hold all of the cards, it would be almost impossible to get access to crypto. I mean, big institutional investment firms and governments holding all of the coins where it's only possible to buy/sell through them. Most people nowadays leave their coins in exchanges instead of their own self-custody wallet, so expect things to get worse in the long run.

The only coins governments and institutional firms are buying are BTC and ETH. So the rest are safe from harm's way. At least, for now. Who knows what will happen in the future?