Banks Against Bitcoin!

[bei]

Bitcoin is the banks’ biggest competitor today. More and more people are shifting their mindset towards using  cryptocurrency. They could store a huge amount of money in their digital wallets without being traced. Another thing, they could get taxed! Transactions and exchanges are also very fast. These cryptocurrency features are making banks less relevant as more people are joining in. This will give them the urge to cope up with the ongoing revolutions of the digital world or else they will be wiped out.

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[karlos_545]

Im the long run blockchain ( not bitcoin) will winn. If we are speaking about short run - banks

[Cryptoshaft]

Banks and government are scared of the harm bitcoins and crypto can cause to their profit and policies if not checked that is why they don't want to give it a support.

it's not only about the profit.
it also because they can't control it.
that's why many banks nowadays are looking into blockchain technology and tried to apply it in their environment

[joromz1226]

I am new to cryptos and Bitcoin and always when I turn on the TV I see the bankers or govt officials talking against the bitcoin*. What's actually the problem? I personally love Bitcoin and other cryptos.

It is because Bitcoin was decentralized and the government of each country was centralized so no wonder why they are against with it.
They had no authority over bitcoin alaso to all bitcoin holders and users.

[dumbfounded22]

Some conspiracy theorists say that bitcoin can replace banks and banks are afraid of competition. However, rather a real reason for more mundane is the risks associated with banking regulation.

[CryptoKyddie]

Sure banks don't like BTC at all, unless they are investing in it on the one hand and bad mouthing it with the other. I am sure banks are investing in and pushing up the BTC prices. Remember BTC was created as a way around the current banking system. Ripple is trying to be like a bank, whilst not being one. Exciting times.

[Stradivarioos]

Well, if you compare them from where you can make a contribution - then Bitcoin is more profitable! And on the part of reliability and safety of money approximately the same)

[Victorheywhy]

Banks do not approve bitcoins, but that does not mean they are against it. Plus, I don't think banks can control bitcoin.

[sweetbet]

Banks will one day become a thing of the past, while the crypto world is the thing of the future. People will eventually learn that they don't need banks as much as they think because crypto puts people in charge of their own money. The banks know it and hate it.

[ratnawide]

I am new to bitcoin, some Banks claim that Bitcoin and other virtual currencies are not currency or legal. means of payment, how the hell actually has happened?