What if all the big banks owned all the bitcoin?

[Avity]

What would happen if all the big banks bought all the bitcoin?

[Emoclaw]

This is fundamentally impossible for numerous technical and logical reasons. I'll name a few of them.
The primary one is that many Bitcoins have been lost, they belong to addresses whose private keys are not known to anyone and thus cannot be restored.
Secondly, not all Bitcoins are for sale. I hold Bitcoin and they're mine, no big bank (or anyone else) can have them. It's fundamentally impossible, it's not feasible. They can't buy them.

[fredforthewin]

I have often wondered if they will become the whales.

[_Dawid_]

It is quite possible scenario, but who knows maybe banks already buy some bitocins. For sure banks could buy majority of coins (because rest will be not for sale currently). Then for sure price of bitcoin will rise but not only. It would be a sign for crypto world that crytpo currency will be important part in the current payment system. So not only one coin(bitcoin)will grow but majority.

[Ch1bi]

If that was the case then Bitcoin would be considered centralized, no better than fiat. I don't think people would believe in Bitcoin anymore and would abandon it. However that's an unlikely case because it's an open source technology, many people securely store their coins, and lots of coins have been lost for many reasons.

[Hamilcar]

What would happen if all the big banks bought all the bitcoin?

I don't think it's possible. But if it happens, bitcoin future will be controlled by them.

[Athreos]

It would either be the end of cryptocurrencies as we know them, or a well timed hardfork may  effectively wrestle control away from banks. Maybe Ethereum would rise up and takes its place. No one knows, but it is the very definition of the worst case scenario.

[TheWalkingCoin]

What would happen if all the big banks bought all the bitcoin?

They do not support bitcoin at all so is impossible for it to happen, from the other side banks will have theyr own coin in the future, because bitcoin is the future in 2p2 transactions.

[simrac]

The bank always hate and  want ban  bitcoin  ,the bank and governments  always control crytocurrenty  .
 
if all the big banks bought all the bitcoin , the price bitcoin is $100,000 . of course bitcoin will become crytocurrenty  of world .

[fatlever]

What would happen if all the big banks bought all the bitcoin?

We'd all be filthy rich.  Seriously though even in that scenario, there would be plenty of people who would not sell all their bitcoin -- just enough to make them filthy rich but not all.

[yugyug]

It can't be, that lead to partially centralized and it is prone to malicious network attack like DDoS and might lost some of it, big banks are not so interested about bitcoin as its is a big threat to them but what they interested the most is the blockchain technology that makes the bitcoin more secure it is the newest innovation of cybersecurity, e-commerce, digital economics and in also in banking and finance industry. Blockchain is the new internet-of-things trends sensation as popularized by a pseudo-named Satoshi Nakamoto .Bitcoin was the raison d’etre of the blockchain as it was originally conceived. It’s now recognized to be only the first of many potential applications of the technology. Blockchain today is the most valuable application than the Bitcoin. Some big banks are now developing blockhain for their business specific transactions and applications.

[wxa7115]

What would happen if all the big banks bought all the bitcoin?

No bank is going to be as dumb as to try to do that, if all the banks of the world wanted to buy bitcoin at the same time the price of bitcoin will skyrocket, it will reach prices above 100k and maybe even higher so every single bitcoin is going to become progressive expensive and even if they print money to get them that will only create inflation, and even if they were successful that will kill demand since no one will be able to afford bitcoin that expensive and they will end as bagholders.

[Zeeks]

What would happen if all the big banks bought all the bitcoin?

We already have something that simulates that scenario, it's called fiat.

[crazyhashmanz]

I think that would be great! The price of Bitcoin certainly exceeded 100 thousand dollars! But I think this is just a dream for now. Because the banks are working with Ripple, Bitcoin's enemy and his dirty copy.

[ubeng07]

What would happen if all the big banks bought all the bitcoin?

The system will be owned by bank but it makes sense if the bank is possible to buy all of the bitcoin supply right now, but it seems the bank are not interested to buy the bitcoin because they are thinking the bitcoin just useless

If they interested at first they will give some interesting on it but what they always do is they accept the transaction but not the bitcoin i dont think so that this could be that bank will owned some bitcoin its possible for them to own but impossible to make some interest on it.

[ruffles2016]

This is basically doomsday scenarion which will never happen. First we have lots of forgotten & lost coins in great portions which will never be saved. And second its too expensive to buy all coins to kill it.

[gedor]

What if I would not sell my bitcoin? It is impossible and would be beneficial as the price will be too high and not good for banks.

[ethereumhunter]

What if I would not sell my bitcoin? It is impossible and would be beneficial as the price will be too high and not good for banks.

then the banks don't own all the bitcoin and as long as you don't sell your bitcoin, you can keep it in your wallet. but i think its impossible for the banks to buy all of bitcoin because it will need huge money and bitcoin price now is too expensive although the banks can buy with all of their money but the banks will make the economy in danger and in the end, the economy will risk for the country too. and the government won't make the country a risk situations for  and will give warning to the banks.

[Prodigan786]

Most of the bitcoin eatly adapters still holding bitcoin they are not going to sell and even
People not selling bitcoin directly to some person they are using different wallet to sell bitcoin. Banks can’t show proper audits based on their bitcoin holdings.so it’s not possible to hold all bitcoin by banks.

[publicjud]

I guess bitcoin will die if this happens. The nature of BTC is decentralisation of mining (this point is not implemented now due to China miners) and usage. There are always whales but they are everywhere not just BTC.