The truth is, even if only 3 percent of people withdrew all their money from their banks, the banks would not have enough money to pay them. The entire monetary system is dependent on governments and banks. If a bank messes up, then all your money could be lost. But, Bitcoin is an attempt to get away from this regulation and this danger of banks.”
More importantly, he emphasized that clients cannot be assured that the numbers which are often displayed on bank account statements can be withdrawn as the majority of user funds are loaned out to corporations and high profile individuals.
“But when you store your cash in a bank, the bank takes a large amount of your money and loans it out to other people. You can see money in your bank account, but the truth is, that money isn't there,” he further emphasized.
Ultimately, Chaudhary believes that Bitcoin offers the financial industry and its consumers with actual control over their funds, unlike current monetary systems and banking services that are heavily dependent on the government and central bank’s monopoly."
This is why bitcoin was created. To put money back into hands of people. Society is so blind, they don't see how fragile is our everyday economy. It is an illusion build on debt.
I can't wait for another global economic crisis - hopefully Deutsche Bank will fall and this event will create a domino effect. Then maybe more people will realize than Bitcoin is the only future we have.
And then $10.000 per BTC won't be a dream anymore.
