Bitcoin Forum

I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.  :(

https://i.imgur.com/06rcklo.jpg

Tell us something we don't know!

It's an well established truth that banks don't like bitcoin or any other cryptocurrencies. Because cryptocurrency system has the power to directly challenge bank's dominance. So it's no wonder that banks do not like it in any shape or form.

Warren Buffet, Jemie Dimon and many other central banks have always raised their voice against cryptocurrency and it will continue to happen! We just need to ignore such things!

It is obvious that banks see Bitcoin as a competitor, as a competitor they wanted it to crash so that more people will flock to avail of their service.  Many banks' financial analyst has been speculating and predicting that Bitcoin's value or price will plummet and advise investors who are involved in Bitcoin trading should cash out and invest in traditional stocks instead where they can assess and profit from it.

I believe it has been an advocate of banks to throw mud on Bitcoin every time its price fluctuate, whether it surge or plummet, banks always release negative thought about Bitcoin.

This known facts since the existence of Bitcoin because Satoshi wants a decentralized financial world which obviously an anti bank movement. It’s too late know for bank to lessen the popularity of Bitcoin it was being adopt already by many counties including US. Banks is starting to adapt on it and using the blockchain to match Bitcoin with there CBDC that use private blockchain.

Banks will never beat Bitcoin since people will choose decentralized over centralized in long term perspective.

Manipulation of price, underpricing of cryptos you name it, this was always going to be the price to pay for leaving the doors open to the so called investors who knew very well that bitcoin and other cryptocurrencies are disrupting their source of wealth and they had to slow down bitcoin from inside out to safeguard their assets from this competition!

But change is inevitable, they can slow down the process but the revolution is here and anybody opposing it will lose out.

I'm not a crypto analyst, but the year 2022 wasn't fair for people into Bitcoin due to it's constant bear market and huge attack, which banks know that too well. So to me, I see this as a strategy by banks to scared people away from Bitcoin into preferring banks with a false prediction as we journey into the new year. But moreover, it's no longer a new thing, as it's been a normal routine about banks spreading fake news about Bitcoin just to install fear into the minds of people, of which their main targets are always newbies who have little or no knowledge about Bitcoin. But despite what, Bitcoin will always prevail irrespective of the market turbulent movement.

And they can't do anything about it. Whether if they like it or not, Bitcoin will eventually go popular and it cannot be stopped. They have two choices to make.  It's either they ride with or being left behind. If they can't beat Bitcoin, they would eventually gonna join and embrace it in the future.

Like in the Philippines, UnionBank instead taking the right approach to co-exist with Bitcoin instead of being against it like most of the banks. Although most banks are against Bitcoin and crypto adoption, but a few others are seeing it as an opportunity.

Banks are just another body of government. Due to the decentralised nature of Bitcoins, no government can control Bitcoin, that is they cannot impose tax on it. This is the reason for which the government is against Bitcoins, and not making it as a legal tender. They advising all the banks to thoroughly moderate all the transactions associated with cryptocurrencies. Basically people using cryptos over bank due to the financial freedom. A day will come when banks and government Will understand this.

I doubt banks would be afraid of Bitcoin's popularity. Ofcourse fiat (as offered by banks) would be more used because it is simply more widely acceptable than cryptocurrencies as supported by governments. No matter how popular cryprocurrencies become, banks would still be there for people who are not interested to this technology. Why would be people not interested? Risk, complexity of chains, and such. Not all people are knowledgeable of how blockchain works and teaching them won't aid this gap especially if they are not really interested with it (such as with old people). But that's fine, as long as people of this industry are making use of this blockchain technology in accordance with their purpose, either investment or currency matters.

These are all conjectures, and we've grown accustomed to hearing them. If there are no such speculations, the market will appear uninteresting. People can say whatever they want now that there is freedom of expression all throughout the world. The hatred surrounding bitcoin has allowed it to survive despite all of the rumors. The more theories there are, the more successful it appears to be in the perspective of those who despise its existence. They can't centralize it, so they have to accept as it is.

Don't worry. This is the same list the bank likes to do, which contains surprises that may or may not happen (it includes things like Biden getting impeached). It's not exactly unfounded, since they see tech stocks being the trigger with multiple bankruptcies in the forecast (we already know the biggest ones are laying off big time).

So it's not a "wish" as you say, neither is it a "reality", but a worst case scenario. And really, if that's the worst, expect a huge bounce from 5k.

It's not as bad a FUD as media has made it out to be, it's really just predictions. The same team predicted a USD/CNY pact in 2019, and then Covid happened, and they predicted 2022 to be not just Covid recovery but accelerated growth in global economy too, and we know how that turned out heh.

There has always been predictions about bitcoin’s doom and downfall. Banks as well as financial markets predictions are never in favor of bitcoin. They see bitcoin as a threat as they couldn’t make any make any profits holding peoples coins and so, they’re automatically against it.
I’ve seen numerous negative predictions and forecasts about bitcoin and it’s price. Predictions that always turn out wrong. With the number of times bitcoin has supposedly died and miraculously risen over and over, it’s no surprise there are folks who would choose to “worship” bitcoin.

No bank would ever be happy to see bitcoin a success as that will minimize their fraud business scheme. I'm not surprised.

Well, I'm not surprised that they said that and it's nothing of surprising prediction. Don't you think Bitcoin may reach at this level? I think it's very much possible too. We have seen huge ups and down in Bitcoin price from the very beginning of bitcoin.
PS- I'm ready to dump whatever I have @$5000/BTC  :D

This seems like a pure FUD post.
First of all, using common sense should make it clear, that if BTC were to drop even lower than now, there are quite a few very wealthy potential investors, happy to jump in waaaaay before $5k. Around the 13k mark, 11k mark 8k mark... etc.
Secondly, like everyone is already stating: Oh, a bank spreading FUD about Bitcoin. What's new exactly?.  ::)

And if you already post a screenshot of some random mainstream media blah-article, at least link to the full article so everyone can get some context (if there is any).

Of course they don't... Bitcoin is creating an alternative to legacy banking. If bitcoin gets adopted widely, that would mean less legacy banking adoption and that means less bankers to have in payroll. They are desperately trying to secure their jobs by attacking bitcoin with the hopes of driving people away from it. Thanks to the internet, these strategies never work because people are informing each other and seeing through their scam easily.

I still think though legacy banking and bitcoin can coexist together. Bitcoin is not perfect enough to replace legacy banking.

As much as someone could dislike banks their reaction is completely natural, if you had a complete monopoly of a market then you are not going to like at all any kind of competition appearing out of nowhere, specially the kind that you cannot overcome, we have seen this many times in the past and banks somehow thought that they were immune to this kind of competition only to realize too late this is not the case, since bitcoin will get more popular regardless of what their wishes are.

Banks can have different reasons for spreading FUD about Bitcoin. One can be that they want to decrease its popularity, but it can also be just to ensure that people keep trusting the banks and store money there, not wanting to risk with the volatility of Bitcoin. Also, it can be done, so that the price falls down as people engage in panic selling, and banks can buy low to sell high later. While Bitcoin is in principle a competitor of banks because it doesn't require them and thus empowers people, banks don't need to oppose Bitcoin: they can try to position themselves as crypto-friendly, offer to hodl the crypto funds of their customers or offer them to invest in Bitcoin. In any case, there's no reason to believe such predictions as $5k price, regardless of who makes them.

Who wants to reduce his power by giving opportunity to others? Actually government wants to handle financial sectors but Bitcoin is a threat for banking system. Banking system will not be used regularly and it is huge losses for this sector. There will be a good competition between banking system and Bitcoin. In this competition Bitcoin will survive as it has different use cases and benefits. That's why banks do not want Bitcoin to become popular which is not good sign for banks.

Banks fear that if bitcoin becomes popular, people will withdraw money from the banks and put it in bitcoin and cryptocurrencies. Banks need money to run their business and if people stop depositing in the bank, the banking sector will come to an end. That is the reason why you will never hear any positive words about bitcoin from a banker.

Banks don't want to let the people know that they want to have bitcoin at a discounted prices. That's what I can see with this when they're starting to spread FUD or any price predictions that's quite low. Well, yeah, it's possible but that's probably the price that they would get more if it drops some more. Because whenever it is published to the media, it creates the selling pressure and when it does, there will be panic sellers that will make the prices too low but don't be too scared with such claims.

I will never feel angry when I hear statements that banks will not support bitcoin and even tend to give a negative view. I prefer to ignore what they are saying at the moment because in the end they can't hide the fact that bitcoin is still better than the current centralized financial system.

Bank are the opposite of bitcoin's decentralized system, So I'm not surprised by their bad statements on bitcoin. But maybe you should know that some bank officials will eventually admit that bitcoin is important in the financial system. So no new surprises, but it's always possible for bitcoin to lose a lot in value when hit by big negative issues.

A pro Tip: when you see banks and news channels predicting such things and putting it open right in the media and news, it's time to fill your bags because the bull run is about to begin. Basically these people have also filled their bags and are now spreading this news to make sure they can fill even more at lower values. It's always like this you see positive news from banks when bitcoin is at the top and absolute negative news when it's at the bottom and both of these are equally alarming as they mean that tables are about to turn now.

How do you think centralized banks will anticipate decentralized Bitcoin reaching $50,000? So how are they going to make money off of us? There are a lot of stupid predictions all around us that never come true. Many people predicted that Bitcoin would reach level zero, did this happen? Many banks in my country are experiencing liquidity issues as a result of sudden withdrawals. As a direct consequence, they will attempt to manipulate the market. They want to sell our Bitcoin and deposit it in a bank. That's all.

@OP., that is normal if you ask me, banks in the past have done and said worster things to bring bitcoin down and discourage as many as possible from using and adopting it, but then, bitcoin keeps growing, even amid all the fud from entities that see bitcoin as a threat.
If you are a true believe of bitcoin, news like this meaning nothing, banks are just playing their game, doing their bid, in the end, they are not forcing anybody to sell their bitcoin, it is up to you and I to hold our bitcoins firm and not let go.
Countries are gradually adopting bitcoin, recently, Brazil began accepting bitcoin as a legal means through which her citizens can pay for goods and services, bitcoin is already a legal tender in two countries, that's a big achievements already and trust, the banks are just fighting a battle they've already lost if they are indirectly fighting bitcoin with such a prediction.

I am not surprised seeing this at this very moment. We all know the banks are wary of Bitcoin  surpassing their existing stand.  The long feud between banks and Bitcoin will never come to an end till one of them either way bend or bow to the other which I know for sure the bank will.
Do not forget the beginning of Bitcoin how it was ridiculously ridiculed but it was not the end of the road for Bitcoin as it surpassed their imaginations. Now they see Bitcoin as a treat to their goals in getting more profit from individuals with no knowledge what's they do with their funds. I laugh some times because the banks that agitates against Bitcoin have bankers fully as Bitcoiners you know that is laughable. It is only a blind and deaf human would take the talks and prediction of banks against Bitcoin existence serious.

Bitcoin is a known enemy of banks, they weren't made to be friends. Just think about that satoshi's quote:


Banks want to control the money, it has been their job for the past years, and with bitcoin they don't have control, with BTC each user is his own bank, and that's the main problem with banks and bitcoin.

I don't understand what exactly they are worried about, it makes no sense to me. Bitcoin will not destroy the structure of the government's financial system even though some people will actually use bitcoin for financial transaction matters.

Bitcoin could actually be considered an advance in the field of the financial system if governments and banks really wanted to take advantage of it. They don't need to be afraid of bitcoin, but they just need to understand that bitcoin can help them in many ways. As for profits, governments need not legalize bitcoin as a means of payment but may need to regulate it and tax profits made by traders or investors, but they will not be able to prevent bitcoin's popularity.

Basically it was like that from the start because indeed banks and bitcoin are like water and oil because they are the opposite of one another.
So with things like this now declining, it's not surprising that there are statements like this because apart from convincing people who don't know and don't like bitcoin, it's also meant to raise that they are the best, although for me personally I'll just smile dealing with statements like this because I consider this a funny joke.

And if it eventually plunges to $5000 what difference does it make. We have had the worst plunge Since November 2021 when it gradually dropped from its ATHs if it keeps falling we keep buying, the fact remains the bear will not have the season for ever. Even if it keeps falling it will never go into extinction. The banks are only scared of how much control Bitcoin owners have over their coins. CNBC should know that  we are unapologetically Bitcoin buyers if it keeps falling we keep buying. We will definitely get to the moon again.

But I wonder why the banks are so worried about Bitcoin. The economy has made many withdraw their Bitcoin holding to support their physical business amid the high inflation rate. If there was anyone to raise alarm it should be the Bitcoin community but we have learnt patience and holding till the market becomes favourable again.

But this is nothing new. The position of banks is not at all different from the positions of governments regarding Bitcoin and other cryptocurrencies. Hence the revolution of the Bitcoin protocol, which alone is capable of entering into a confrontation with all these ruling institutions.
Bank owners, in addition to many decision-makers, did not hesitate to publicly declare their absolute rejection of this technology, and their argument is based every time on distorting Bitcoin and trying to limit its role in illegal activities such as theft and money laundering.

Since I started cryptocurrency, I don't really keep money in my bank account any longer, the only amount I always leave in my bank account is the amount I know I will be needing at that particular time, I believe my money is safer in my wallet than in my bank account, so why will I be keeping money in my bank.

Banks are against bitcoin because they noticed most people are diverting, most people in Cryptocurrency prefers keeping money in wallet than bank, if bitcoin continues to grow, then banks will keep on losing customers that's why they want bitcoin to die which is not possible, the only thing that can happen to bitcoin is that the price will dump, which I know with time it's going to bounce back but they can't kill bitcoin.

Banks assumed that the existence of Bitcoin will hurt their business and lessen their income once people adopt it. I can't blame their claim as well as for sure it will affect their income but they should not have to spread negative about crypto and sell their black propaganda just for the seek of their benefits. And the more they are throwing negative about Bitcoin, the more people got interested in it. However, I don't think that it makes the banking system end which gives them some worries, fiat money will still exist for many years, and their business continue to operate.

I sont know how people would have expected anything different in the phase of acceptance and the fact that, banks bank on fiat currencies which is what the CB represents of which bitcoin is very much far from. How do you expect an organisation to preach good of anything that it isn't about.
We've had banks close accounts for just transacting cryptocurrency. The increasing popularity and patronage have got the banks wondering what future awaits them but, I don't see much to be frightful about. With the rate of inflation, it just might help with the printing of notes and that's some thing to be cool about.

I just pity for those that hope on organisation and self proclaimed experts to do there analysis for them, its shit. One rule to the game has always been DYOR. Not doing tha could mean doing it wrong.

From the very beginning cryptocurrency is opposed by the banking network mentioning that bitcoin have eaten up the profit. Large number of people moved to bitcoin for the large scale transactions, which requires huge fee as well as complicated process for the same. Even by that time banks have invested into bitcoin confidentially.

Banks at some point realised the difficulty of competing with cryptocurrency. As a result some banks launched usage of bitcoin and some have begun to coexist with bitcoin. Now users get the access of using fiat and bitcoin based on their need.

These people make such ridiculous statements every month. I could find you a number of them made in the bull market of 2021.
I even made a thread (http://-https://bitcointalk.org/index.php?topic=5422358.msg61322092#msg61322092) about the media market predictions being false most of the time.

Just google media coverage by CNBC during the 2017 bull market and then 2018 bear market.
In bull market all their experts were saying that the drop to 10k after the peak of 20k is just the beginning of something bigger and 25k was to come next.
In the bear market of 2018 they were saying that if Bitcoin fell to 3k it's only a matter of time before it goes back to 1k.


Now they're so used to betting on the lows that if we ever fall to 15k they will say that 10k is next and if we fall to 10k it will be 5k and at 5k they'll say 3k is next. They are so predictable. When we finally break above 30k again they'll say that we're on the way to a new high and when we reach a new high the CNBC will say that now it has to go to 100k and at 100k they'll predict 120k or something and they'll keep going until the next bear market.

Standard Chartered bank's predictions of Bitcoin plugging down to $5,000 is still a fair prediction unlike other banks or financial institutions who constantly predict Bitcoin crashing to $0 and some even call Bitcoin a bubble that is about to burst.
To many others bitcoin has died many times but yet we are still here and bitcoin is getting stronger and gaining more plurality day by day. So am not surprised about this statement this is what we are already used to.

For banksters, government, centralized institution, traditional fiat asset companies then having these words and negativities arent really that shocking or new anymore.They wont really be pro-bitcoin in the first place

but rather they would really be going into the opposite side.Why? they do know that it could really be a huge opposition once the community would really be having that turning point.They do know that

it cant directly make huge effect but as gradual years do pass on and as recognition do really rise gradually then it would really be significant
which they do know that it could affect out overall on some angles.

What banks?
Once they hate, they will always hate. Or they are also acting like themselves as hate even though they are actually one of the holders.
Well, this will be going to be FUD again and I am sure that the market will crash again. We know that Bitcoin is very sensitive to negative FUD. And many haters will always spread the FUD to make Bitcoin drop again, to make many people lose and hate BItcoin.

But I am sure that many people here are aware of the FUD spread and we can image what we will do after this. For, they are too big and stong to accommodate.

This is nothing too new to discuss and everyone knows this, the bank is the agency representing the government so it is not strange that they take advantage of this bear season to spread FUDS for bitcoin. But this won't make them better than bitcoin, no need to FUDS for bitcoin to drop more because a lot of people are expecting bitcoin to drop to buy more.

Statements like these are prevalent. Banks of course always disagree with bitcoin because they are rivaled by bitcoin. Negative information like this is kept up to bring bitcoin down and tell the public that bitcoin is not good.
I have encountered this kind of FUD many times but it won't have any effect as long as the big media don't keep discussing it. But if the big media continues to talk about it and add various kinds of FUD and other negative news, the bitcoin market will falter.
Those who do this kind of news manipulation want bitcoin holders to panic sell and buy it cheap, of course, some new investors will do that.

Note to OP: A source link will probably be needed for a thread like this so that we can read the full article too.

that fact has been present since the beginning of bitcoin right , and banks are the main competitors in the progress and development of bitcoin .
and if bitcoin reaches 5000 $ again it's not a reason people will leave bitcoin but instead it will be an opportunity to have more bitcoins for those who have more money and they are tired of banks and their rules

In my nation banks are getting ready to use blockchain actually. There are few banks that are getting ready to make sure that they are using blockchain for their system so that they would stay relevant a lot longer, and they would move to something that would work a lot better. Not working out so far, but they are at least trying and I applaud them for that. Obviously its going to take years before you could move an entire banks system into a blockchain, but to be even capable of thinking so far ahead this early on shows that banks are not against bitcoin, they love blockchain and they want to be part of this world too. After all, they just care about money, and if they can make money from this, they would love to.

It isn't impossible, but it is unlikely to happen because it seems too far from the current price. We know that Bitcoin never dropped instantly by a big percentage in a short time, it should drop gradually. The first period of bearish is almost over, the next year should be a better time for Bitcoin. It ideally increases to $17k+, not to drop to below $10k. We can predict BTC to increase deeper when we just begin the bearish season. But when it is in the middle of the bearish season, ideally the price to increase in the next few months. So, if Standard Chartered bank states that BTC to drop to $5k, it isn't because they know it from a certain analysis but it only FUDS to make people stay away from BTC investment.

OP said standard chartered bank. Check again the thread on the first page!

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@noormcs5, where is the link to the article?
I think you should enclose the link on the thread, it is needed to complete the picture.

You're using inappropriate words here, the article only said it could drop to $5,000, not it will reach $5,000!

They only say Bitcoin is possible to go down as $5,000 but they're not sure 100% Bitcoin will drop to $5,000! I think it's possible since the last crash Bitcoin drop to $3,000 and no one ever predict Bitcoin would drop at such price! also since the global recession will happen in the next year, I wouldn't surprised if it's come true. The important thing is be ready what anything be happen, keep buy the dip!

Banks will do what banks do. If I were a bank, I wouldn't want a new virtual money to dominate me and take the power that wield over the people out of my hands. Never. I have been here since ages. I will threatened and if I cannot stop the rise in popularity of the virtual money, I will just go ahead to create my own digital version of the fiat to draw attention to me. But here's the thing, I am more concerned about gas and food prices that are sky-rocketing daily. I am also concerned about my almost noe-existent savings which keeps dwindling with the cost of living. In the end, Banks, government and the powerful people have no other option than to coexist with bitcoin.

I don't think, the charter bank statement will come through in this bearish season because it will be difficult for people to experience $5,000 next year were the price of Bitcoin has already taken a step to increase to $17,242 few hours ago in the market. We know that Bank is under centralized which they will never speak good about Bitcoin which is under decentralized, because Satoshi Nakamoto created Bitcoin to break the gap of third party which some financial institutions are not really happy about it. Now that the price of Bitcoin and cryptocurrency has increased little, I think there is a hope for people to see $50,000 January next year 2023.

Why do we still care about this? These things have been repeated since bitcoin was created till now. Banks are just doing their job, they are centralized, and bitcoin is decentralized, they cannot speak well for their competitors, and neither can we. In the same way, bitcoin investors are also attacking banks every day and predicting one day they will also collapse and bitcoin will rule the world. Let them do their job, and we should focus on ours, accumulating bitcoins as much as we can.

This is very natural, banks and bitcoin are completely contradictory, one of them must eliminate the other, bitcoin was found to eliminate the corrupt banking system, so it is very natural for banks to hate bitcoin and wish for its demise.

The logic of history says that there is always a struggle between any old system and a new one. In every era when people move from an old era to a new one, there is a strong struggle between the new and the old, but natural development will eventually overcome and end the old era.

One day in the future we will witness this resounding victory for Bitcoin.

Bitcoin is the biggest bank rival at the moment, if Bitcoin becomes more popular and widely used for long-term asset investments, of course banks will experience financial difficulties. Currently, the Bank's income is almost entirely from customer saving, if one day the customer prioritizes saving money in the form of Bitcoin, of course the Bank will experience financial difficulties and will have a bad impact on the bank's financial condition in the future.

Until now there are still many countries that do not want Bitcoin as legal transaction, this can have bad impact on bank consistency if Bitcoin has become legal currency.

Since when do we worry about what Banks predict for Bitcoin's future? The Banks are threatened by Bitcoin, because Bitcoin is eating away it's market dominance, when it comes to financial matters. People see that it is cheaper and faster to use Bitcoin and Banks do not like that, because they milk people with high transaction fees and they control people's wealth. (Blocking accounts / Blocking transactions and feeding financial information to governments)

We as a Bitcoin community ignore these statements, because we know why it is made.... and we rather focus on Bitcoin adoption and improving the technology.  ;)

This bank is not a giant whale, and what he says is as baseless speculation as what ordinary people say.

Won't. Banks do not make any subjective assumptions, banks are not companies run by individuals. Even if Bitcoin is popular, they will function normally. Just what is the thinking of the state behind the bank we need to know. Some countries believe that Bitcoin has affected some of their own economies, and will try to prevent the development of Bitcoin, but the effect is not great.

It's not just the banks that don't want bitcoin to become more popular. Some people don't want it and continue spreading negative news about bitcoin to stunt its growth. But they will not be able to permanently inhibit the growth of bitcoin, especially if more people realize that its presence can bring changes to their lives. If those people can earn more money from crypto, not just bitcoin but also altcoins, then they will surely start to believe that the presence of bitcoin can really change their lives. They will invite more people to join bitcoin.

What do you expect with the Banks? They will say good things about Bitcoin. They know that Bitcoin is a great competitor of their business, and you expect that they will praise it? Of course, they will do the opposite of it.

Bitcoin to $5,000? I don't think so, the last time we saw Bitcoin at the $10,000 price was in 2020 and I believe that it would be the last time that we will see Bitcoin near or below $10,000. You know news media. They will make things and articles too exaggerated just to manipulate those newbies out there.

Banks might not want Bitcoin to be popular, but it is becoming already. More and more people are starting to use Bitcoin around the world though it isn't that much compared to how many people living globally. One thing is for sure though, Bitcoin will not reach $5,000 anymore. :P

Several years governments and financial experts in every country are keeping a watchful eye on Bitcoin's progress as they believe Bitcoin has the potential to upend the existing financial system as well as undermine the traditional banking system. Almost most countries' governments fail to regulate Bitcoin. They believe it is a financial system used by criminals.This can help citizens resist capital controls.They feel that viewing Bitcoin positively will never be complete until the ecosystem ্get the maturity.

The central bank of each country generally regulates the banking system of that country. Their main role is to regulate the safety and soundness and stability of the economy and its systems. They haven't earned that trust in Bitcoin yet. As a result they still discourage the use of Bitcoin. I think in the unlikely event that Bitcoin becomes more stable and a symbol of trust, banks will definitely come forward to use it.

No matter what predictions you make, Bitcoin moves at its own pace. The price of Bitcoin is determined by the potential and demand. Many crypto experts expect the Bitcoin price reach beyond its previous all time high.

This has been the case since bitcoins emerged in the financial industry and they became the number one enemies of the banks to the point that they create some confusion every time there is negative news about the name "Bitcoin". They are also always supporting movements that will say negative things about bitcoins but the good thing is, they are not getting good fruit of what they are doing because the truth will always prevail and people nowadays know that every scam and fraud out there has nothing to do with bitcoins because they also used it as their props to fool newbie investors and ignorant people.

Again and again you hear the same thing from banks. Almost nothing changes in their rhetoric, with the exception of some banks, which are radically changing their attitude towards btc. They said one thing, and now another. Is it possible to trust such financial institutions? In general, bitcoin has been a direct competitor for banks since its inception, and therefore it is not at all surprising that banks speak out negatively in an attempt to scare and alienate their customers from bitcoin. But the fact is that it looks ridiculous. Those who saw the difference between btc and banks have already left the ranks of banking customers forever.

When it comes to banks, their self-interest is even more egregious they have been working on ways to stop cryptocurrencies, but it is not feasible. Banks view bitcoin as a threat, but personally, I prefer to invest my money in bitcoin rather than keep it in a bank, where there is no interest earned while the money is in your account and you have to pay a lot of fees. Even though bitcoin and banks serve different purposes but the same general purpose, I still despise banks. and I will choose bitcoin today and any other day.

True, something like this hasn't happened just once or twice in Bitcoin history, so my view is that this isn't something that should surprise me, as they usually do FUD at bad times to spread investors' fear for their money.


Yes, banks and governments are one unit in co-opting global and local finance, of course, this is clearly their plan to scare us bitcoin believers, my analysis after they scared the crypto market, they will declare a CBDC shortly future as an alternative transaction tool as opposed to Bitcoin.

But my view is when people use CBDC as a legal means of transaction it will make people easier to access Bitcoin than FIAT money, why do I think that? because many people have made Bitcoin an investment asset, of course Bitcoin is easier to access with CBDC, In the end, Banks and governments will admit it.

"And maybe the goal of satoshi will be closer to making Bitcoin a non-central transaction tool when everyone understands what and why bitcoin was created"

This is the problem that Bitcoin is perceived as something unreliable and questionable! Because various projects based on the structure of network marketing make negative advertising to cryptocurrencies!!! And this is also a problem of bitcoin scalability!

With the potential and benefit of Bitcoin which literally prevent the institution banks power and chance over people's fund we shouldn't expect them to want BTC to be popular because the popular BTC get the higher power drift from institutional bank to crypto currency which gave them liberation. Besides, do you think most of the negative, fud and misinformation articles posted about BTC is not their doing?

The holders of bitcoin know that bitcoin is here to stay despite all the negative fuds and news being spread on every social media and crypto news related sites. These banks and governments will do everything to make us believe that there is no future of bitcoin.

I understand that old people who know about bitcoin will not listen to them but there are so many new investors who invested in bitcoin 2021 and later. They may sell their holding when they see such news from everywhere. This is propaganda being done on purpose and the government is also spending funds to publish such news on the media.

I would only say, let the weak hand shake out and bitcoin will come in stronger hands. Those who are selling do not know that the whales are getting this bitcoins cheap from retail and getting ready for the next bull run.

^When a new crypto project becomes a scam it has an effect on the BTC, it is undeniable that people will blame BTC even though they have not invested directly to BTC, just because they use the word crypto and it is included BTC. That is why banks always wanted BTC not to be popular because of this and plus another reason that BTC could be a threat to their financial system which they were afraid of since BTC has become well known. However, this depends on the government, because banks are just only a tool in a government, but once government allows crypto and becomes legal tender, the bank there is nothing they can do.

Bitcoin have come to stay whether one like it or not. The moment banks, government or people start circulating wrong information about the project, that's the more reason it will become more popular in the universe as some develop countries have started to accept it as a legal tender and modes of payment. Partaking in crypto currency also make one yields passive profits in the space and definitely one of the good news if one could make good use of it. Bitcoin have change alot of lives either positively or negatively, but it matters what category you want to belong.

But that won't make bitcoin lose popularity because until now, bitcoin still gets great support from investors, traders, or people who want change. And while that may seem unlikely, we should be optimistic that one day, it will. And when that happens, no one will be able to stop bitcoin because many people can see the benefits of bitcoin so they will also support bitcoin. This will increase the popularity of bitcoin even if the altcoin project or others don't help much. It won't be a problem for bitcoin.

What do you expect, Bitcoin is a threat to banks and they know this so just like how other establishment will react when they find something threatening their existence, so have the banks reacted. The banks knows in just few years people will no longer trust them to store their money in banks that only use that money to borrow others and make themselves rich while giving the real owner of that money nothing in return instead they use charges to make the user get less.

Our mobile app are becoming even more reliable than the banks and with the development of Bitcoin we can now have full control over our money. The banks knowing this is a threat to them will always bad mouth Bitcoin in trying to get people to consider than risky and harmful.

The banking system and Bitcoin are in a competitive relationship, and the existence of Bitcoin will pose a certain threat to the banking system.
Banks spread negative news about Bitcoin to make people fear Bitcoin because they will fear that Bitcoin will become more popular and it will not be good for their business and interests.

hmm... look its quiet simple, financial institutions are 100% in support of anything they can turn a profit on, including Bitcoin.

But large financial institutions have to buy in large volume, if they attempt to do this the market responds by driving the price up, so in order to do this efficiently they will do everything they can, to push the price as low as they can, which includes making statements in the media that bitcoin is f*cked.

When the retail traders who aren't diversified, panic and sell, the large financial institutions will buy as much as they can at a low price.
 
Once they have their volume they will do a U-turn and drive the price up.... rinse, repeat ad infinitum.

The best time for them to do this is to coordinate with a seasonal dip. Bitcoin has always dipped prior to chinese new year, and recovers afterwards. I don't see why this year will be any different.

I completely agree because we all know bitcoin is decentralized and all the banks and the governments are against something that is decentralized and they won't be able to control it in the other hand the bank systems are getting weaker time by time while bitcoin is getting popular time after time and this is what a government hates about bitcoin also we all know banks are mostly under the control of the governments and the governments are mostly disagree with bitcoin and CNBC is something they created to make a competitor for bitcoin which is going to fail later or sooner.

$5k is unfair still there's some even forum members who predicted btc at $3k but I don't think they are a btc hater. They are just telling what they think they can happen according to their analysis. We shouldn't be angry whenever we see such predictions but we should be open minded and face the reality that anything can happen in btc including harder dips and not just hard pumps.

This is for us to prepare ourselves. When those event came in, we do not worry or panic anymore but we will only be calm and buy more coins. Those who claim that btc is a bubble and can burst are right but unlike any other bubbles out there, btc is unique because its value always recovers.

Banks do not care about Bitcoin, because Bitcoin have limited popularity, and secondly transfer time and fees. Altcoins now are much faster and with lower fees.

Now I wonder, if banks do not care about Bitcoin, why are banks releasing blogs and statement that tackles Bitcoin being a negative thing?  Every event and movement of Bitcoin, the financial institution releases negative statements that discourage people to participate in Bitcoin adoption.  Now if banks do not care about Bitcoin why do they need to do that length in order to demerit Bitcoin?

Btw, Altcoins may be faster and with lower fees but they compromised security.  I'd rather have an ok speed of transaction but have high security.

Am not always angry whenever I hear people saying bitcoin will dump to $5k or even below, I always get angry whenever I see people saying bitcoin will soon die, and funniest part is that some people will still believe those people that are saying bitcoin will die, I don't really like people saying bitcoin will die because it scares away newbies that are planning to invest in bitcoin, but if you have being in crypto space for long term am sure those people won't care about news like that.

If people keep on saying bitcoin will dump more, it's really possible for bitcoin to dump and its possible that bitcoin wont dump, I always tell people that want to invest in bitcoin to always ignore most of the news they see on social media, if you keep on waiting for bitcoin to dump more, then you might miss the opportunity to invest now that the price is already down because you might be waiting for more dump until you see bitcoin price at the top before you start regretting why you didn't buy when the price was low.

What else do you expect? Banks and Bitcoin are not friends so it's normal that they won't help it to become popular. By the time BTC came out, banks are in fact in a critical position and im afraid that they will lose their fame pretty soon. No need to help BTC but their own self are the ones that they must help to retain their position in the financial industry.

A bank that gives a statement about BTC doesn't make BTC become less popular but it will actually help BTC to become more popular because they are exposing it or advertising it indirectly. People who aren't yet into BTC, will be curious and might end up trying and liking it. Telling that BTC will drop won't also cause a FUD but it will only help people to get excited of buying it.

We can't remove such negative approach to BTC especially coming from the banking system.
They can say all they want, but those who are already into crypto know what they need to do.
On the other hand, for those non-crypto users, they may really get curious to what their bank is spreading.
And it may indeed pave the way for these non-crypto people to dig about BTC and crypto market.
They may give their lowest price prediction but in reality, we may never get to that price level.
Also, they can't stop people from searching the truth, remember, anyone can basically do their search over the net these days.

Basically, some Banks or would I say most banks are not well pleased with the existence of BTC.
Bitcoin has opened a lot of investors eyes, as how inflation and Banks slowly robbs off people their money that is deposited in the bank with charges , restrictions on account and pay customers small interest on loaning their money.

While this has made investors start moving their attention into BTC, Thus resulting in banks seeing Bitcoin as business enemy.

Banks are very interested in bitcoin, I believe they are watching bitcoin daily and they hope bitcoin will drop more and maybe die so that they are no longer a threat to them. Bitcoin is threatening their position for users but they have no way to stop bitcoin, the only thing they can do is spread Fuds to keep people away from bitcoin.

Not just about the investment opportunities, but it have served as an alternate that fulfill all that can't be done by the traditional system. Fiat system is developed for a purpose same is with bitcoin. People find bitcoin to be better in all means. This had moved lot of people towards bitcoin for their transaction needs causing loss to the banking network. This is the reason why banks wants bitcoin usage stopped.

The shine of bitcoin cannot be stopped by banks or governments, which is a universal truth. No matter how they try. They can keep throwing scrap as far as they can, but nobody can predict what price bitcoin will reach next during the bull market. Such information is only intended to mislead those who are unfamiliar with bitcoin. Those of us who are aware of what bitcoin can become in the future will ignore this information and buy more of it. The time is not right to accept or believe any unfavorable messages coming from the bank.

They care about Bitcoin, because it is the leading cryptocurrency in the market and even one which have influence over the price of other assets in the market.
Banks and lobbyist won't waste their time and money targeting a random altcoin instead Bitcoin. It is not about transaction fees, or efficiency or block times.

They may have bad intentions but they are not stupid when comes to their objectives.

it's no longer a secret if the bank refuses bitcoin to become popular, there will always be negative news about this I think,
but bitcoin holders will always believe in bitcoin even though negative news always comes, actually it is the potential and benefits of bitcoin that indirectly prevent the power and opportunities of banks in institutions over people's funds, right? bitcoin gives freedom in thinking patterns of financial problems without being regulated by anyone

They are interested in bitcoin not because it is the leading cryptocurrency or affecting the rest of the market but simply because bitcoin is decentralized, if people use bitcoin, they will leave the bank. The bank is government, so the only thing they care about is bitcoin, not crypto, rest of the cryptocurrencies are centralized, so they are under their control. Bitcoin is no longer affected by news like this since we are all so familiar with it, and it is not new news.

The banking system will not fully recognize such a complex investment in Bitcoin.  Because Bitcoin works against the entire banking system.  Moreover, another issue is that banks cannot control the complex problem of high price declines in Bitcoin.  Moreover, the banking authorities cannot blame the government entirely if there is a major price fall in the banking sector.  Moreover, if the government and banking system could control the complete control system of bitcoin, then the bank and government would take responsibility for bitcoin.  Banks and governments don't want to accept Bitcoin easily because the whole system of Bitcoin is not controlled by governments and banks.  We already know about the Salvadoran government's investment in bitcoins and their falling price.  No country's government would want to invest so much in Bitcoin with so much risk.

The Fuds spread by the banks is making Bitcoin to be more popular and it's very obvious that Bitcoin has come to stay no amount of negative Fuds and propaganda by those banks will diminish it, even though the market had been down for a long period (bearish run) however the price can't dump to $5000 as being speculated by the bank, many individuals and institutions had started adopting Bitcoin as a store of value thus an alternative to fiat savings consequently this is one of the main threat to the banking system, personally I prefers all my assets to exchanged to Bitcoin and kept in my wallet than to save it as fiat in my bank.

Just like hungry person wants food
Bank would like not to be... bankrupt.

Yes.
If only media outlets were not owned by their representative governments.

I think people are giving banks too much credit. Banks will do anything to make money, and if they finally realize that Bitcoin cannot be stopped, their policy will be "if you can't beat them, join them". The proof is already out there. We have some smaller banks already become crypto abled. We have other banks allowing crypto payments. We even have banks now being custodians for Bitcoin including some form of deposit protection, under national bank license in the US.

If collecting NFTs becomes so popular one day banks will also store and issue NFTs. Believe me!

Bank scared when bitcoin becoming popular where all people interested with hold or saving their money trough in Bitcoin assets than use Bank as their placed for money saving. I don't think with Bank quit silent when looking how Bitcoin become popular day by day and try several way how to make fud and bad news will impact many people scared with Bitcoin price drop before saving all their money in the bank

Right now many people have been smart, not any beneficial when saving our money in the bank without increase up yet, different when holding in Bitcoin assets, when price going up many people get much profit and have freedom for cashing out without need regulation from Bank with limited withdrawing in daily day.

I agree with you that holding bitcoins is much more profitable than depositing money in a bank. But unlimited withdrawals are not quite right as we will eventually have to exchange bitcoins for fiat money if we want to use it for our daily spending. When bitcoin becomes world currency or means of payment, then we can withdraw unlimited with bitcoin.

This is true- banks want their clients to keep and store their resources inside their institutions for their own profit/gain. While there may be some offers of interest rates and returns, some people are now becoming more aware of the existence of cryptocurrencies and the way it can change and alter the usage of banks.

But in all honesty, cryptocurrency and banks can co-exist with each other. They do not have to be so against to the point that they will make each other obsolete- maximize each usage and choose the most convenient method in a given circumstance.

has become commonplace. all that is centralized will vilify that which is not. and Banks is one of them. Fud news continues to spread throughout the bear market. but believe me it's even possible that this news was deliberately spread by those who actually deliberately wanted the price of bitcoin to fall. so they can buy more bitcoin from the bottom price. it doesn't even rule out the possibility that the government is busy shopping for bitcoin now secretly.

Shows me good picture of how terrified the CEO's and founders of banks are at this very movement. Bitcoin does not need any sort of publicity anyways because from making brighter bitcoin hub cities to using bitcoin for donations at various causes (floods, wars, fire etc.) it has already proven its way to the hearts of people. The good thing is, millionaires also know banks are using their money to to do their business if someday they decided not to save their money into the banks then dam they will have nothing but empty pockets. On the other hand they know very well if they put everything into bitcoin then its gonna stay there forever, under their own control and nobody's gonna use it except the key holders. So these kind of news are really child's play. THey mean nothing.

No matter how they try to spin it, banks are in business also. And without customer funds, they’re just an empty building with a vault in it. Banks need customer funds to survive and stay afloat. They do business and also invest, all with customer funds and assets.
With bitcoin, it entails securing and holding our funds ourselves and banks can’t have none of that. Why hold your funds yourself when you could give banks to hold them at a price?
It’s great to be the sole custodian of your assets and investments and that is why you should never have your funds on any exchange.

It's no wonder that Central Banks, and therefore governments, don't want Bitcoin to succeed.

With fiat currency they have absolute control of the economy. With Bitcoin, they no longer are able to control money.

There will always be fiat currencies, but Bitcoin will continue to exist as well.

Just like we have cash and cards, in the future we will also be able to pay with Bitcoin as a third method of payment.

There is no doubt about it. Bitcoin itself is a decentralized digital currency that can get rid of banks and conduct peer-to-peer transactions directly. If I take your job away, aren't you in a hurry? The reason why the bank said this is nothing more than one purpose, hoping that Bitcoin will become history. Now that such a point of view is published to create panic and make everyone return to the newcomers to the bank, the business volume will naturally grow rapidly. This is also the struggle between traditional finance and decentralized finance.

You are implying Bitcoin is the only decentralized cryptocurrency, which depending whom you ask some people will agree or disagree. I am sure I have seem some ETH users claiming the Merge was not a big deal for the decentralization of their chain.

I am sure, however, Bitcoin remains decentralized and that is what matters for the purpose of this thread.

But I just assume there are other projects with a correct software implementation for people to have proper power over their alt-coins, but unfortunately their chain lacks enough harsh-power for it to remain truly safe from attacks.

That is also what I want with bitcoin, bitcoin cannot wholly replace fiat or banking, but it will become the 3rd payment method in the world next to fiat. Bitcoin does not need to be the only currency or to completely replace the banking system, with that mindset only making the battle between banks and bitcoin more serious. In the long run, I think it will not benefit bitcoin. We can't go against the government, there won't be a coup, and that's not the way to bring peace to the world.

Although cryptocurrencies are becoming more and more popular, banks are not very accepting of cryptocurrencies. Banks are not very willing to take on the risks of cryptocurrencies.
But when the cryptocurrency economy threatens banks, the country may issue some "laws and regulations" to protect its economy.

Looks like Standard Chartered banks is just trying to get in on the Bitcoin bashing we have seen over the last few weeks. The FTX disaster dealt a big blow to the crypto community and resulted in a loss of confidence in the crypto markets. It's going to take weeks for the bitcoin price to recover again. But as long as we are in the 16-17k USD range I would not worry about any such bad news from banks. It's clear that banks feel threatened from bitcoins because they will take away a large part of their business. Dealing in multiple currency is a lucrative business for banks as they can collect a lot of fees when buying and selling the same currencies over and over again. Before cryptos the consumer had no real alternative, we could only consider switching to a different who would charge is the exact same fees. Now with cryptos we can finally be independent of banks and that is was making them afraid. When it comes to forecasting the bitcoin price I would not be trusting any bank, they have their own agenda.      

They are just trying to get weak hands to sell off their portfolio and they are going to buy BTC. The rich want to be richer. We know the gimmicks. lol
Whenever you hear something like this, then start accumulating.
Everything else is the noise and normal narrative. Ignore the noise. Now go out and enjoy your life.

From the inception of bitcoin Banks were never friendly with it particularly with it decentralized system and control it rather give to the owner of the coin's as against how the banking system operates and this obviously has made them the owners of banks are on daily basis declining in profit as bitcoin is gaining more and more acceptance by many for financial transactions and investment. In my home country the banks nocturnally aided in misinforming the government about cryptocurrency which led to it's ban for many years now, but there are rumours that the government are planning of making some adjustments to the ban.
The banks are always there to credit statements and predictions to deter people from further investing in bitcoin and other cryptocurrencies, but for those that understands very well about the system this statement won't be taken into account cause the bear market won't be here forever.

This is the whole point, why many banks that operate in a traditional way will never like bitcoin. Normal Banks lend out money that they do not have, because the laws allow them to do it. With bitcoin this is not possible. There is a fixed amount and you can not just send somebody bitcoins that you created on paper. At least if you do that people will see it instantly and will not accept them or want a discount.

There's simply no need for a traditional bank when dealing with Bitcoin.

It's just peer to peer, direct transfer of money, anywhere in the world, with low fees.

Why on earth would you need a bank for?

You don't need to ask permission to open an account, you don't need to ask permission to use your money, etc.

Bitcoin really is revolutionary, yet most people are so used to the legacy banking system that they don't see how much better Bitcoin is.

Banks and Bitcoin are in a competitive relationship, and Bitcoin is the biggest competitor of banks. Bitcoin is decentralized, there is no control over the assets, and now more and more people prefer cryptocurrencies and keep their money in their wallets instead of banks. Banks want to control the money, and the advent of Bitcoin took away the power of the banks over the people, and they gradually lost customers and revenue.

we all know that banks don't like cryptocurrencies and bitcoin, and they have started to feel that their throne is starting to shake. bitcoin is an unexpected competitor for them. they have always been familiar with interbank competition, but bitcoin fundamentally threatens the banking sector. of course there are people who make money from the banking sector, and these people want to maintain their status somehow. spreading unfounded speculation is one of their mechanisms to maintain their status. this is not something they can avoid anymore. no matter how big the storm is, it can only take dust from the rock

I'm not so sure about this sentiment.

For example, the BIS (Bank for International Settlements), which is basically the Central Bank of Central Banks, recently published a document stating that they will allow Central Banks to have up to 2% of their reserves in Bitcoin, starting from 2025.


Here you can read the official release directly from BIS: https://www.bis.org/bcbs/publ/d545.pdf

Banks and Bitcoin have a competitive relationship. There are already some countries accepting Bitcoin, and more and more people are beginning to understand and use it. If bitcoin becomes more popular, banks worry that people will invest their money in bitcoin instead of depositing it in the bank. This will be detrimental to the development of their business and reduce their income.

The feud between the bank and bitcoin has heightened but in all, bitcoin does not feel perturbed as it is the people's choice. The bank knows in time to come, they would be off the track meaning that nobody would want to have anything much to do with them so they are going at any length and cost to discourage the people and government from dealing on bitcoin and crypto currency.  The competition is very high but I know for sure the massive adoption is gradually taking effect. People have started seeing the benefits of holding bitcoin, the importance attached to it as well. These they have seen would speak for itself giving bitcoin a good edge over the existence of bank. I am happy that the government are now eyes opened seeing the importance of bitcoin to the community or society as the case maybe. This would make the implementation and adoption of bitcoin scale through smoothly in their nation  as there would not be any challenges as it has already spoke and it is speaking for itself for now and generation to come.

The reason why the banks are not allowing bitcoin anymore because they think bitcoin is like taking away there business and it trying to take control of the world business investment areas.
The bank see bitcoin as a source of people make twice of there investment income and twice of what the bank do give out when you invest in the bank. This has make big and great business men and women go into bitcoin because it double there investent income but bank don't, and the fine bitcoin as a very good platform of making investments and the banks don't want to lose there business so the best way for them is to stop bitcoin investment.

There are banks and banks. Some are fully against Bitcoin, while others may embrace it, and take advantage of the digital currency. Actually, I don't see a lot of rage from banks against Bitcoin anymore these days, like they used to be years ago. I think things are walking to a mutual path between banks and Bitcoin. They have only to win with BTC investments. So there is no reason they take this rivality ahead.

But unfortunately, you and I still live in a centralized world run by governments; fiat and banks still dominate the financial markets. You will still need a bank because all your daily spending is fiat, you need banks and exchanges to convert your bitcoins to fiat. Bitcoin is a revolution, it is very good, but it cannot replace or compare with banks, banks provide us with many services. Similarly, why do we still need exchanges today even though they are centralized like traditional banks? Both are necessary for us, I will be happy to see both coexist and support our life more perfectly.

Banks are anti-bitcoin because they are scared that bitcoin becomes popular,more people will be investing. Soon when everybody is using it, that fiat  will becomes useless and there will be no more manipulation of peoples funds,their jobs will be lost and they will have less right to use peoples funds for business. They are scared of bitcoin volatile nature,since it is a valuable assets like gold

Banks are like exchanges who are self centred and will lie to deceive the people that they are reliable and trusted to keep your funds. So they will tell the people stories that will panic them not to invest in bitcoin as if they are bitcoin experts.

It is possible to live in a Bitcoin only economy in certain countries that don't have Bitcoin as legal tender as El Salvador and Central African Republic already have.

For example, in Canada there's a service called bylls (https://bylls.com/) that receives your Bitcoin and with it you can pay bills. They take care of all the fiat conversions and payments. You only send Bitcoin to them. In Australia a similar service is called living room of Satoshi (https://www.livingroomofsatoshi.com), and so on.

You can also anywhere get paid in Bitcoin directly, so if you combine those ideas, you can, admittedly in a limited way, live a full life with Bitcoin only.

For an even simpler way of living there are those pre-cards that use Bitcoin for funding payments, but that is basically having a bank and an exchange to your name so I'm not counting those here.

Agreed, banks and cryptocurrencies to coexist is a good thing. The same won't happen easily, because the technology used by cryptocurrency isn't adopted by most of the banks. The traditional financial system doesn't want the transparency and for that reason very few banking service providers have begun to use the blockchain technology. Over time we can see the transition. For now it is the banks people depend on for every needs, and even now banks fear that cryptocurrencies were taking away the entire revenue.

The banks want their cut, and what they are starting to do is to basically act as the exchange itself.

They offer you a card which you can use everywhere, and you give them your Bitcoin, they sell it as you spend the card in fiat.

That way they keep their business working as normal, and they sell you the idea that you're paying with Bitcoin.

In reality you are simply paying with fiat all the time, as usual, with all the problems it has, and you give them custody of your Bitcoin. It's not a great deal to be honest, but it seems to work for them.

It is not a matter of risk, but because banks fear a decentralized asset like bitcoin will take their market share, taking over their customers because bitcoin has features that surpass them. Many people use bitcoin and then almost don't want to use the bank again for things like transferring or storing money, which would cost the bank a lot of revenue. Banks will never accept bitcoin because it is no different from their enemy and does not benefit them.

I agree with you, that is why banks are trying their possible best to discourage Bitcoin users so that they will value fiat investment than Bitcoin investment in the environment. But, no matter the bad information the banks are spreading about Bitcoin in this new year 2023, I think, it will be difficult for investors to listen to their information because they have seen the new pump of Bitcoin in this month of January that made them to believed that nothing can stop Bitcoin not to be popular in the whole world. Bitcoin still remain unpredictable that made it different from fiat money because is not control by the government.

Obviously, banks will never like Bitcoin to become popular which is quite natural & understandable, as it is a decentralized and not in their control. additionally, if it is massively adopted as method of payment, it can potentially reduce or may eliminate their role in the financial system.
There is another reason, why banks are hesitant to involve in Bitcoin, is lack of regulations in many countries for investing & trading in crypto, which restricts their ability to deal in crypto currencies.

One can't pray for he's or her rival, decentralized finance  is a big  threat to our traditional banking system which Bitcoin is one them, many people are no longer saving their money in the bank but in Bitcoin at least I'm one of them. 
Our traditional banking system see cryptocurrency or Bitcoin as a rival in the same field financial Management don't expect them to promote cryptocurrency because is retiring them from their active services

I think they'll find a way to make a profit out of it, they'll "see the light" eventually, just as big energy (oil) companies embraced the fact that the EVs are here to stay and they started to buy out smaller EV charging operators and integrating them into the part of their business model. If it makes them $$$, they'll eventually do that shift.

Bitcoin is designed to break the monopoly of centralized financial institutes like Banks. So its very obvious that Banks wont like it. For centuries these Banks are controlling the global financial system via there centralized policies. Banks limit our access to our own money, while there is no check on how bank is using our money. Bitcoin gives us the liberty to use our money on our terms and conditions and I dont think centralized institutes will ever accept Bitcoin.

Banks have always been against cryptocurrencies, and they see Bitcoin as a competitor. The decentralized nature of Bitcoin prevents payments and banks from controlling people's money. The successful popularity and widespread adoption of Bitcoin has reduced banking operations to the detriment of their interest income.

No matter how the bank speaks about bitcoin and plans to stop it, it will still improve because I'm very sure that everyday bitcoin is still popular and well-known as a good investment to many countries and some society because it has made many people change from zero to hero and even the rich people people more than people that we imagine and they relayed on it that after buying bitcoin they sell it for profit, so bitcoin still remain bitcoin.

There's no need for a bank for Bitcoin, so of course they will talk bad about it. It makes sense.

Whenever they speak good about Bitcoin is when they're offering some kind of custodial service, or a card attached to Bitcoin, or something like that.

Their opinion is always attached to how much money they can make with Bitcoin.

If it's independent of them, then it's bad, if they can make some money with it, it's good.

Of course banks hate Bitcoin. After all, it's decentralized money they can't control. The few banks you see supporting Bitcoin are only doing it for the profits. Not because they're ditching Fiat altogether. We have to admit that traditional Fiat currencies won't be going anywhere as banks won't let that happen. They're still too powerful even with crypto/Blockchain tech in play. What they will do in the end is adopt Bitcoin's revolutionary technology to create digital currencies of their own. After that, they'll be truly unstoppable. Unless people start trusting BTC more than Fiat (which is very unlikely to happen anytime soon), banks will be with us for a very long time.

At least we know Bitcoin will survive no matter what banks or governments do against it. That's because the BTC blockchain is decentralized and censorship-resistant. I hope it stays that way for the good of humanity. Who knows if BTC lives alongside Fiat for generations? Just my thoughts ;D

I don't know about Bank hate and not want Bitcoin become popular due still use and withdraw my Bitcoin assets through local exchange market used Bank, I am really need Bank right now although have option for withdrawing cryptocurrency assets trough P2P exchange market Binance, but withdrawing directly to the Bank more easy and have huge limit withdrawing daily day in my local exchange.

I don't want one day later Bank stop working with local exchange market and not possibility withdrawing our cryptocurrency assets to the Bank, will be difficult when selling stable coins assets trough P2P Binance exchange.

Despite this, how many times have these banks failed? They really did not show any appreciation for bitcoin at first. Despite the fact that these banks and their high-ranking officials have failed with their fuds for many years, some have already begun to support it. They cannot stop bitcoin from growing. Individuals like us became more aware of the flaws in our monetary system run by banks and governments. The more they spread lies and nonsense, the more our curiosity arises. Therefore, these banks will either join the bitcoin revolution or be left behind.

Even if you use P2P binance, you still need to use a bank if you want to use fiat. Banking will never go away, it's very important to us. It should be remembered that banking has existed for hundreds of years and still exists today. Without a bank we would be in trouble, but without bitcoin, we would still have a normal life. Many people still live normally and are even rich without bitcoin.

Who cares about news like that, isn't the ban from the government also affiliated with regulations that are continuously being issued, negative news is not only produced by banks, but many other agencies independently or in groups that make news like that.

Then how can bitcoin develop and not be driven away by any negative causes that are accommodated or massive.

The panic that occurs in people is caused because they do not understand the journey of bitcoin, and I can say agree that the Bank does not want bitcoin to become more popular, that's why they are trying to develop CBDCs as an option for prevention, the existence of crypto is the background for Banks to create CBDCs even though the function of bitcoin is very different or crypto with the CBDC.

They just seem too coy to compete, so regulation is just an excuse to cover up their distaste for the growth of crypto in general and bitcoin in particular.

CNBC is a paid shill for whoever gives them more money and up to now these were bankers, but recently it might be the WEF. You can find videos of their management being invited as guests to Davos. How can anyone expect them to be unbiased about all of this if Klaus Schwab is paying for their expensive hotels and meals?
There's also a recent video where Jamie Dimon attacks bitcoin in Davos, comparing it to a ponzi scheme, when his bank, JP Morgan, was providing funds for SBF to run his scam.

Fuck this so called global elite. All they are is a bunch of corrupt crooks and liars.

Mainstream media usually just sends the message that certain people want to be sent.

It's not real news, it's not real in the sense that it is filtered, and with an opinion bias.

It's really hard to find any kind of truly independent news or media, because they just don't get any funds from anywhere.

That's certainly true, mate. Banks will never go away simply because they're "too big to fail". Governments need them for the issuance and circulation of money, so such financial institutions will be relevant in the future even with crypto/Blockchain tech in play. What they will do is create digital currencies of their own to avoid being left behind in the dust.

The real reason why Banks hate Bitcoin it's because of its decentralized and censorship-resistant design. Not because it threatens the existence of Fiat. Bitcoin is freedom, while Fiat is slavery. Banks want you to play by their rules by being enslaved to a centralized monetary system that can easily be debased. The more people use Bitcoin, the more furious banks will get. This is will be a never-ending battle between crypto and Fiat. At least, we know Bitcoin won't be going anywhere soon. Who knows if it lives alongside Fiat for generations? Just my thoughts ;D