If you believe banks will work with Bitcoin, you're delusional

[jacafbiz]

These banks always want something they can have total control over, the way they went about intranet, but Bitcoin offers transparency and will ensure accountability, this will expose their year long scam since they don't want to be caught they will rather develop their own blockchain instead

[Teraboy]

Banks hold your dollars in their bank accounts. They then turn around and leverage your dollars in their account by 10 times to issue loans to people where they get their main revenue.

If people are holding their funds in bitcoins and only using banks as a transaction medium the bank is not making much money.

Actually this is the main things of banks will never cooperating with bitcoin, a much of the bank capital is come by the interest of loans from the people. so if the bank it's just stand from the fee for every transaction i think the bank will never be a large like this time.  bitcoin mixing with bank = DELUSIONAL that is true in my mind, we could be more realistic. bank just using the amount from their depositor for rotating the depositor's money and get a profit for their self without using their amount.

[talkbitcoin]

there are 3 different things happening that you should know the difference about before saying it will or will not happen:

1) banks creating their own blockchain using bitcoin (blockchain) technology.

2) banks adapting their systems with bitcoin and use bitcoin instead of fiat or instead keep the people's wallets safe and encrypted in their vault.

3) banks start accepting bitcoin just like fiat and as others have mentioned something like what coinbase is doing.

i believe all of the above can happen and each of them will be a different service giving the banks a different type of revenue because they receive money for the service they offer.

[mindrust]

In the world of bitcoin, people do not need banks.

So worrying about banks is pointless.

If bitcoin ever replaces USD, there won't be any banks around. Or... they will be around but they won't do what they are doing now as business. Their business model will change dramatically.

[QuestionAuthority]

Why would banks give two shits about Bitcoin with its baby market cap and low daily transaction volume? There are single businesses with 50-60 times the market cap that Bitcoin has held steady at for 3 1/2 years.

Company Caps                           Market Cap
                                                ($in billions)
Apple Inc                                    613.69
Alphabet Inc                               551.94
Microsoft Corporation                   449.94
Amazon.com Inc.                        399.01
Facebook Inc                              369.70
Exxon Mobil Corp                        360.95
Berkshire Hathaway Inc.              354.66
Johnson & Johnson                      324.89
General Electric Co                      262.30
JPMorgan Chase & Co                  245.15
AT&T Inc                                    240.60
Procter & Gamble Co.                  238.16
Wells Fargo & Co.                        227.96
Wal-Mart Stores, Inc.                  214.55
Verizon Communications Inc        204.87
Pfizer Inc                                    204.11
Visa Inc                                     196.73
Chevron Corporation                   192.76
Berkshire Hathaway Subsidiaries  184.51
.
.
.
.
.............
Bitcoin                                       10

LOL

[eternalgloom]

Why would banks give two shits about Bitcoin with its baby market cap and low daily transaction volume? There are single businesses with 50-60 times the market cap that Bitcoin has held steady at for 3 1/2 years.

Company Caps                           Market Cap
                                                ($in billions)
Apple Inc                                    613.69
Alphabet Inc                               551.94
Microsoft Corporation                   449.94
Amazon.com Inc.                        399.01
Facebook Inc                              369.70
Exxon Mobil Corp                        360.95
Berkshire Hathaway Inc.              354.66
Johnson & Johnson                      324.89
General Electric Co                      262.30
JPMorgan Chase & Co                  245.15
AT&T Inc                                    240.60
Procter & Gamble Co.                  238.16
Wells Fargo & Co.                        227.96
Wal-Mart Stores, Inc.                  214.55
Verizon Communications Inc        204.87
Pfizer Inc                                    204.11
Visa Inc                                     196.73
Chevron Corporation                   192.76
Berkshire Hathaway Inc               184.51
.
.
.
.
.............
Bitcoin                                       10

LOL

This is probably the most accurate reply here. Banks would embrace Bitcoin if it had a higher market cap, because they could make money off Bitcoin in various ways.

I see a lot of responses in this thread that come close to conspiracy in my opinion.
Indeed, now banks are mostly interested in Bitcoin because of the underlying blockchain technology, but if Bitcoin suddently had a market cap equal to that of Apple or Microsoft, they would be all over it and lobbying the government to be able to use it.

Also, don't forget that they are bound by government regulations surrounding Bitcoin.

[Dudeperfect]

Yes and I have another point regarding this debate that, if banks starts working with bitcoin then how it’s going to remain anonymous since banks will keep track record of our balance and expenditure. It’s really tough for banks to deal with bitcoin but on the other hand I am curious about major players of ecommerce industry, if they start accepting it then we would seriously see a measurable impact on crypto currency world. Let’s hope for the best.

[xuan87]

of course bank won't work with bitcoin, they have a different priority, bank is centralize, bitcoin is decentralize, bank needs identity, bitcoin is anonymity, putting bitcoin and bank will cause chaos to crypto currencies world, the reason bitcoin created was to toward freedom, if we cooperate with the bank then we lost the main idea of bitcoin

[severaldetails]

I know of a bank that works together with a bitcoin site.
Of course the bank does not store the coins or converts them into fiat.
But it helps buying and selling bitcoins with a normal bank account and neutralises the chance of being scamed in the process.
They take a little fee, of course.
I think in these hard times of very low interests that is a business model a bank can have.

[Shiroslullaby]

Right now banks don't care about Bitcoin.
But if enough people are using it, and Bitcoin gains enough value, they may become scared and try to kill crypto coins.

Banks are mostly interested in Blockchain technology.
Every large financial institution is spending a ton of money to develop and test blockchain.
If you can find a company developing this kind of thing and get in on the ground floor, you might stand to make a lot of money.

[rinhunter]

Yes, if Bitcoin grow up and all the people began to know bitcoin they'll lose users, because they know the people will prefer bitcoin than banks, therefore many countries are banned Bitcoin. May also in the future bank will make his own cryptos.

[European Central Bank]

banks make money on things other than fractional reserve. plenty of money is made on forex and bitcoin can be a form of that. it has a long, long way to go before any bank would ever take it seriously but there are plenty of fees to be made by people going in and out of bitcoin and that need'll never go away.

[BingoDog]

Never say never. I'm sure that banks are talking against the Bitcoin because it's their competition and danger to their business but I've learned in my life that nothing is impossible. They are secretly probably exploring possibilities how to earn with Bitcoin.

[bitbunnny]

I don't agree this is delusional. You realy think that banks haven't tried to make money with Bitcoin so far and that they've missed the huge opportunity to make a lot of money? They are aginst the Bitcon, yes, but this is only show for the public. I'm sure that secretly they are financing mining farms and investing in Bitcoin big time. One day, togethter wit regular account we would be able also to open the Bitcoin wallet in our bank branches.

[richardsNY]

I also don't think they ever will do so, but to be completely honest, I don't even want it to happen. I am in Bitcoin because I don't want to deal with banks and stuff. I like the fact that I have full control over every aspect of my financial situation. No need for banks adopting Bitcoin. I am my own bank.

[CoinBreader]

Totally agree ! Thats why banks make their own blockchains , and have their own tokens, no one get mess with their networks, they are centralized , (well bitcoin is also centralized , but thats another story ) .
But smoke some weed and imagine big banks trying to make a position in bitcoin , insta rich ! (sci-fi scenario i know) 

[dunfida]

I also don't think they ever will do so, but to be completely honest, I don't even want it to happen. I am in Bitcoin because I don't want to deal with banks and stuff. I like the fact that I have full control over every aspect of my financial situation. No need for banks adopting Bitcoin. I am my own bank.

Thats what the  beauty  of bitcoin  which you have   your own bank and  you have  full control of  your  money  compared to bank but still  when it terms to  fiat banks are much better  in security and  moving prices. As we  know  bitcoin  still have disadvantages  when  it comes to price movement.

[noictib]

i think bitcoin can not accepted by bank  . because both are opposite to each other . usually banks makes money with our money by trading . but in bitcoin we make money through trading of bitcoin . but these are opposite , so i think btc can't accepted by bank .

[zPanda]

Of course banks won't negotiate with XBT.

[zend7]

Banks are legal thieves. Yes they are sponsored from the state or are the state like in the case of Federal Reserve bank of America. I think bitcoin will never be accepted by banks and I couldn't agree more with the OP.

My bank in my country a developed one in Europe, made me an offer to get a credit card and told me if I pay everything within 30 days from time of purchase was without interest. I was interested and started my application only to find out the bank charged interest even if I paid my credit debts before 30 days.

I want to say that the banks, sell trust, they keep your money and with that money they give it for loan with extremely high interest rates (at least in Europe) and that's the main area where banks make money.

Banks are our enemy. I only use them just to exchange my bitcoins and get cash in hand when I need it.