If banks start to talk about Bitcoin ...

[Miracal]

The bank can try as hard as they want to, to clone bitcoin in the future but they cannot touch the beauty of bitcoin, they can never screw bitcoin up as long as it has millions and millions of supporters, backing it up, using it and trading with it everyday. Refusal of their currency and using bitcoin will be an economic revolt and I hope that happens soon

[greBit]

The government will work with the British Standards Association (BSI) to develop a set of standards that will protect consumers, The Treasury also announced a new research initiative on digital currency technology, and would inject an additional 10 million pounds ($14.66 million) into the area.
Now that makes things interesting as it may either screw bitcoin or make it powerful as fuck.

[jayce]

Yes, all these banksters are trying to develop their own crypto currency on the down low

I guess they can't make any crypto currency, they just will adopt blockchain technology.

and force citizens to adopt it

The bankers are smart guys, so they will try to find a way to make people be interested with their 'innovation' instead of forcing people to get in.

Banks are still skeptical about Bitcoins as many countries are still believe that it wouldn't do them any good. Somewhere the thought that the Banks still considers losing its own power over the currency and profiting out of it would be ruled out. Their fears are quite obvious.

So they are observing it right? There were some problems in banks like massive employees firing, hacking, bailout, and now bitcoin which it can make bank lost their customers sooner or later. They won't let bitcoin grow.

[bumm]

people will start trusting bitcoins then.. because anything about bitcoin is not mentioned by our banks, most people out there are unaware of the whole concept of virtual currency. once banks start to talk about bitcoins with their customers, they might build up trust for bitcoin and the prices will shoot up dramatically as more people will start to buy..

[pereira4]

and specially, the BIG RESET is this year : http://waldenlabs.com/the-big-reset/
others people can heard "nWo" instead of big-reset ... 

It's too soon. The "big reset" may take 1 decade+, and Bitcoin will be a major player, the price of 1 Bitcoin by that time will be insane, our brains are simply not ready to process right now, we are not biologically wired to fathom some technological advancement disrupting the foundations of traditional banking.

[JarvisTechnology]

Banks are still doubtful about Bitcoin. Because the whole system needs to stabilize. And for stabilizing , they need big companies to associate with them. And big companies won't integrate their payment method , until BTC gets stabilized .So it's a vicious cycle of expecting and executing. The concept is amazing , only thing which they lack of is reliability .

[HarHarHar9965]

Unless you're not aware, it already started. On a slow phase, eventually they will scale it up and integrate with bitcoin then that "big reset" will happen.

Yes, they are still 'fighting' Bitcoin. When they start scrambling to adopt Bitcoin, we will know that the reset is about to happen. Citi has made a start with citicoin.

Obviously they are fighting bitcoin because they know that bitcoin is more efficient and helpful way of method than banking and they are scared that it might kick them out of business so they are clearly questioning and fighting it.

Dude Banks around the world, particularly in the US, have been closing down accounts of bitcoin startups and even bitcoin-accepting businesses for over a year now. Even those that do work with bitcoin businesses are reluctant to be named in the media. More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition

[Miracal]

More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition

Yes, Satoshi has the power to act like a bank, and if bitcoin becomes the world currency, he will literally control the finance of the whole world. Bitcoin may be destined to replace banks, and if banks need to survive, they need to evolve too. We can't say if banks are scared of bitcoins or not, but you know what, they should be

[greBit]

More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition

We can't say if banks are scared of bitcoins or not, but you know what, they should be

These financial institutions are either really worried about their future ahead and don't want bitcoin involved at all, or they are greedy thinking they will soon develop similar technology and force people to adapt, making much more profit. Or otherwise, they are just suspicious and a little anxious to let bitcoin be so involved with their citizens, because they don't want criminals which can't be tracked.

[Zorrocoin]

Why are bitcoins better than banks? Bitcoin doesn’t have such shitty economic flaws. Governments don’t control Bitcoin,steal citizens’ money, manipulate its volume or fix interest rates. What does government do? Create money till a fiat currency is worthless. Owners of bitcoin know their will never be more than 21 million bitcoins and don’t worry about inflation anymore 

[Tugbit]

Snip

Dude Banks around the world, particularly in the US, have been closing down accounts of bitcoin startups and even bitcoin-accepting businesses for over a year now. Even those that do work with bitcoin businesses are reluctant to be named in the media. More conspiratorial theories say bitcoin's destiny is to replace banks, and banks fear the competition

Correct, found this article October 2013, about banks refusing to execute transactions to BTC related accounts, Netherlands & Belgium.
http://debitcoin.org/blokkeert-ing-bitcoin/

And banks are talking about Bitcoin: http://securities.bnpparibas.com/files/live/sites/quintessence/files/Quintessence%20-%20Sept%202014/Files/p16-17%20BNPP%20Bitcoinv7.pdf

http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-could-destroy-the-global-financial-system-one-of-worlds-biggest-banks-admits-10373003.html

http://uk.businessinsider.com/bnp-paribas-bitcoin-blockchain-securities-firms-redundant-2015-7?r=US

[BillyBones]

In my country, there is no increase in ATM fees this year, BTW which country do you live; well you are right that they are targeting mostly on taxpayers and middle class people, we suffer a lot during any crisis, does anyone of you think that moving our money completely to Bitcoin is sensible ?

[jeannemadrigal2]

It is inevitable that banks will get in, if we assume that btc is here to stay.  I heard that citibank is making their own crypto.  This sounds bad, but actually it is good.  Right now the major barrier to wider adoption is that it is a total pita to buy btc.  But it you have citicoin or wtf ever they are calling it, then it will be traded on exchanges and you can easily get some btc if you want without the headaches of money wires.  If your average guy sees that big banks trust btc, then they will trust it too (because banks are trusty!! ha!).  Just think what will happen to the market cap if only 1% of people in usa alone start hodling btc!  The previous bubble will be nothing by comparison.

[HarHarHar9965]

In my country, there is no increase in ATM fees this year, BTW which country do you live; well you are right that they are targeting mostly on taxpayers and middle class people, we suffer a lot during any crisis, does anyone of you think that moving our money completely to Bitcoin is sensible ?

Which country are you a citizen of? There aren't fees in ATM fees every year, but sometimes its seasonal and people often don't know about it. Moving your money into bitcoin is something I heavily don't advise. It is an investment at the moment, don't expect it to be your bank. Put only the money in btc you wouldn't mind losing You should put all your money into btc when the time is right and it isn't so volatile.

[pureelite]

bank-RUN !


THE end is now this year for sure !

If banks interjected his fingers into bitcoin , Bitcoin value will drop significantly , I think. They do not prefer this currency because they have no commission from it, and they want to get involved in this as long as they can, and it would not be good if banks start to think about bitcoin .

[funkenstein]

Not necessarily - maybe they just want to liquidate their position...

I think the reason banks are starting to talk about Bitcoin is that they are afraid of it. They are afraid that Bitcoin could push them out of business or at least destroy their main sources of income. [snip]

You have just stated that counterfeiting is one of the main sources of income for banks.  After all, this is the only thing you can't do with bitcoin which you could do before. 

[BillyBobZorton]

All can banks do is create more and more advertisement for Bitcoin, and that's free advertisement where we benefit from and they lose clients from, because after you know and learn BTC there's no turning back: using the traditional banking system always feels like a downgrade.

[aakashsangwan]

If banks start to talk about Bitcoin then we should stop talking about the bitcoin.

[RodeoX]

Banks are talking about bitcoin because they have no choice but to talk about it. They may not like BTC, but they HATE to leave money on the table.

[dollarneed]

i think banks agencies are increasingly worried about the implications of bitcoin
as we know that it has the ability to be used anonymously, and is therefore a potential instrument for money laundering. this is a biggest reason why goverment and bank is not allowed using bitcoin In particular,especially law enforcers seem to be concerned about the decentralized nature of the bitcoin.