Banks and Bitcoin

[Slark]

What is much more likely is a full embrace by the banking elites. I don't know which is more dangerous to the long term health of cryptos. It is an unholy alliance for sure.

I donąt think that banks will incorporate bitcoin as part of their ecosystem - they would rather try to disregard it and as much as possible.
In the same manner, Jamie Dimon said that bitcoin is a fraud and every bitcoin user will be punished someday and will "pay the price".
It is very likely that banks will try to follow the path of centralized PSP, avoiding decentralization of cryptocurrencies at all cost.

[HiringYou]

Yes, it is possible because banks somehow fear Bitcoin because many people are now days preferring Bitcoin over banks.People are keeping there money in the form of BTC's instead of saving them in banks because they can keep a check on their BTC's. People are using Bitcoin for transaction purposes because no tax is imposed and they are using Bitcoin for investments because it provides more profit than banks. So in order to secure their position banks might come with a way by which they can overpower Bitcoin.

[tomahawk9]

Do banking corporations will create a formula to kill Bitcoin?

I believe that Bitcoin and Banks can coexist.

But i can tell you this: They are trying, and have been for a while now.
Whenever we hear about a BTC regulation was approved in a country or when a big CEO makes an statement saying how Bitcoin is just a fad, or when a big financial company like CME groups announces bitcoin futures (pretty much they will be able to manipulate the btc price) then we can assume that something's happening behind the scenes. Perhaps the powerful people, the big corporations and the Central Banks are scared of what Bitcoin can become in the future?  maybe they see Bitcoin as a threat that needs to be dealt with asap before it's too late? all speculation, yes, but only time will tell.
For now, whatever it is they're doing, they will ultimately fail.

[CohY4ohvoh]

Do banking corporations will create a formula to kill Bitcoin?

they may try to Support blockchain and reduce effect of bitcoin , really market will try to kick bitcoin

[kalawang]

Do banking corporations will create a formula to kill Bitcoin?

Yes thats why many goverments hate this because they know that bitcoin is the only way to replace their bank corruption!!! I hope that someday bitcoin will replace bank because bitcoin is more good and fast to transact than bank.

[Juggy777]

Do banking corporations will create a formula to kill Bitcoin?

As far I know, they won't rather they'll embrace it, and are already using the technology called blockchain, many people are now using banks money to pay and buy for Bitcoin and when it's sold it comes back to bank only, so I feel banks will actually give more benefits for use of Bitcoins, cause in the end money will always come back to the bank. Plus many top bankers are speaking in favor or Bitcoins. So I am sure banks and Bitcoin can Co exist.

[musharaf]

Bitcoin is the currency while the banks is financial institutions these are operating in these financial institutions the bitcoin is money which is using by these banks bank can save money for you they can use your money in the form of lending to other and in the result we can earn profit on them.

[Brama Jasa]

Do banking corporations will create a formula to kill Bitcoin?

with its strong bitcoin development I think not, maybe banking will work with bitcoin, because everybody needs a bank to exchange the proceeds from bitcoin sale, for now, but if bitcoin has become the main currency may be the thing you say will happen

[Nunoluck]

Do banking corporations will create a formula to kill Bitcoin?

I think yes, bitcoin can lowers their profit. Fintech industries are preffer like to use bitcoin rather than bank service.

[Gontxi]

Do banking corporations will create a formula to kill Bitcoin?

I'm not sure, but they've been doing it from time to time until now. I think it's normal for a country's interest and politics in it
but nevertheless technology will not be released from our lives, as well as with bitcoin. gradually bitcoin will be accepted by the public.

[onrise]

The banks criticized Bitcoin both as a method of payment and as asset class

This will going to happen because banks come under the authority of the govt and Btc does now have any authority or an regulation body which can control it . Does it become difficult for any govt to think to introduce this in thier banking system .

[Shreek]

I do not understand, what formula do you mean? is it creating a big plan to kill bitcoin? I think not, the bank is currently weakened, it's because many people choose bitcoin, because its value is getting higher.
how else if the next 10 years, bitcoin legalized, then ATM bitcoin everywhere? I think the bank can be destroyed, not bitcoin.

[Samueltalk]

Bitcoin is better used as an investment standard for the future.

[Bakemat]

Do banking corporations will create a formula to kill Bitcoin?

Banks Corp. can do anything they want but they can not kill Bitcoin . Now that is started to become much more in demand and famous on other country also some store already accepting Bitcoin as a payment for transaction they can not kill it. Also Bitcoin is a good thing to invest for the future now that it started to increase the price or value in a unexpected amount. So many people will be demanding Bitcoin more.

[quocsi]

I think many people know and use bitcoin more than I think there will be competition between banks and bitcoin. But bitcoin is unstoppable, banks can not stop people from using bitcoins. the value of bitcoin will continue to increase

[Pleione527]

It's possible so far bitcoin is consider to be a big threaten to banking associations since it offers wide opportunities and has technologies even more enhance than banks, it covers the same thing banks offers to its clients and as the value of bitcoin continue to reach higher many people divert their investment to bitcoin and this will surely kills banks that instead of putting their savings in bank accounts people would rather buy bitcoin and hold it in a long period, that's is actually a much higher return to consider.

[Kprawn]

Banks already reacted to the impact that Bitcoin had on their business. They suddenly create more innovative payment

methods and more security for their online Banking services. They are even trying to copy cat Bitcoin by developing their

own Crypto currencies / Private Blockchains. Do not think they will sit back and relinquish market share without a fight. They

even have the government on their side. 

[congtuan001122asd]

There are many questions surrounding the bank and bitcoin, which is better. Bitcoin is good  for people, it can help someone become rich or millionaire. But the bank is also important in life. Although the interest rate when depositing money into the bank is low, but the bank for someone to borrow money and bitcoin is not.

[jackchun]

hope there is a bank that we can deposit bitcoin and receive interest rates for the deposit

[posoa]

Banks actually have been in operation for many years and the emergence of a crypto currency called Bitcoin is a challenge not taken lightly. The Government of some countries have actually  recognized Bitcoin which in itself gave Bitcoin a wide recognition. This compare with other countries where the Government is against the emergence of Bitcoin and other crypto currencies, the wide acceptability  have also prompt the banks to warn their customers against investing in Bitcoin. But it was soon realized  that many people have already  invested their money in the Bitcoins,