All bankers hate BTC, am I right?

[babysweetTiger0401]

I don't think that All banks hate it, it is because some banks they've already adopt the sysytem of cryptocurrencies.
Though, it can't be deny that majority of them really hate it, because most of it are centralized based system while bitcoin was decentralized
so wondered why they are against with it.

[eaLiTy]

There might be several reasons as to why a banker hate bitcoins, mainly because the wider use of bitcoins can cause people to stop approaching banks for any transactions and they fear that they might loose their job, Bitcoins has brought a tremendous breakthrough in the history of finance using and transacting finances worldwide. Another reason may be because of the blockchain technology which is decentralized and so no third party can control the transactions other than the sender.

[TitanGEL]

There might be several reasons as to why a banker hate bitcoins, mainly because the wider use of bitcoins can cause people to stop approaching banks for any transactions and they fear that they might loose their job, Bitcoins has brought a tremendous breakthrough in the history of finance using and transacting finances worldwide. Another reason may be because of the blockchain technology which is decentralized and so no third party can control the transactions other than the sender.

Not all of banks hate bitcoin because of that reason. Actually there are now many news that banks want to use blockchain technology. Even though bitcoin is threat to them because bitcoin of the uses and function of the bitcoin. But they can use the blockchain technology for them to improve their transactions.

[fistteam]

I don't think all banks hate Bitcoin because some banks accept bitcoin. I'm sure some bankers are stockpiling bitcoin because it is so attractive at the moment.

[Timmzzy]

Asking a CEO of a bank what they think of #bitcoin is like asking the CEO of a taxi company what they think of uber.

Do you agree with the sentence above?

Do you think the bankers all hate BTC?

Or they have already taken part in cryptocurrency world?

Looking forward for your ideas.


Detialed discussions and opinions can be checked here as well
https://www.reddit.com/r/jex/comments/a9xtvg/will_things_be_different_in_2019/

One thing for sure if Cryptocurrency becomes the next generation money definitely there will be no more banks, everyone will be bankers on their own. And besides saying all bankers hate bitcoin I don't think its 100% to what you have said most bankers in the world today let's say 70% have made their wealth from bitcoin as a whole.

[kingpin4321]

I would not agree with you on This there are many banker who still believe in bitcoin and some are even investors. Cryptocurrency is not against banking our are they in any form of war you can be a involved in cryptocurrency and still invest in other sectors

[basyang]

I would not agree with you on This there are many banker who still believe in bitcoin and some are even investors. Cryptocurrency is not against banking our are they in any form of war you can be a involved in cryptocurrency and still invest in other sectors

I agree with your opinion. Not all banks hates cryptocurrency, maybe some see bitcoin as their competitors but if their banks are strong they will not afraid and hate it instead they will collaborate with cryptocurrency to use it as a transaction. Its good to combine those two because it helps the economic of the country.

[bolbau]

not all bankers hate bitcoin, but from news and statements that often appear in the news, most of them do hate cryptocurrency. but I feel that what they are doing is not just a form of unpreparedness and maybe a little surprised by the discovery of a new revolution in the global financial transaction system. in fact, there are many central banks in some countries that are slowly starting to accept and give bitcoin a little place while still making regulations as a barrier.

[JeBro]

Despite openly expressed dissatisfaction with Bitcoin by banking institutions, in my opinion, banking capital has long been involved in cryptocurrency transactions. The reason for this is huge profits that can be gained by trading in cryptocurrency. I would not be surprised if it turns out that large banking conglomerates are behind the development of Bitcoin.

[Tavarez]

Most of them hate bitcoin because technology allows users to trade directly with each other, no real need for the middleman. Banks earn plenty by charging fees in money transactions/actions involving money. Blockchain solves double spending problem.

[darkr]

I do  not think so ! If you are  taxi driver and you someone ask  what do you think about Uber ? the person is trying to tell you to turn to uber !!  Most bank in my country invested in crypto last year  but right now they are all in crises  this years alone bank of Ghana has close down more than 10  banks down because they are in crises because they put huge investment in bitcoins !!

That is right. I am sure that many bankers use Bitcoin and some other popular cryptocurrencies themselves. Naturally, many of them prefer to stay anonymous, but it does not matter at all.

[mersal]

I do  not think so ! If you are  taxi driver and you someone ask  what do you think about Uber ? the person is trying to tell you to turn to uber !!  Most bank in my country invested in crypto last year  but right now they are all in crises  this years alone bank of Ghana has close down more than 10  banks down because they are in crises because they put huge investment in bitcoins !!

That is right. I am sure that many bankers use Bitcoin and some other popular cryptocurrencies themselves. Naturally, many of them prefer to stay anonymous, but it does not matter at all.

I think the banks had some other technical problem with the big guy that's why they are regulating the usage of Bitcoin in bags otherwise Bitcoin has more useful currency in this stage so we cannot declared the usage of Bitcoin at anytime soon the banks will accept it.

[Tramle091296]

Well you can be right but by saying that all bank hates bitcoin not at all. We know whu banks hates it because of no tax can get it and every people can participatw on trading also its risky. Well most likely this is the reason why banks hate it but theres a other banks thay support it getting a profit by using it as a payment on bill buying things that support bitcoin.

[Ethan Argu]

Obviously , because it will take down banks all over the world. Its advance technology unlike the traditional banking bitcoin will destroy the bank system. It will lead cashless because of digitalization we can no longer use paper money in the future.

[Nnedaddy1]

The assertion that all bankers hate bitcoin is not accurate because I know some bankers who are invested heavily in cryptocurrency.
This should correct the impression that bankers hate bitcoin.

[Ayoofe]

Cryptocurrency is here to revamp the banking sector, even though it is going to take job from some of the bankers (reason why most bankers hate it) some international banks are already exploring possibilities that could make them integrate the new blockchain/Bitcoin system without an hitch.

[pundit]

If BTC becomes part of daily life then banking systems will be badly impacted thats the reason most of the banks do not want BTC to be in mainstream.
Banks know that decentralize technology is cheap and effective and its regular use will effect banking business badly.

[zarintasnim]

Bitcoin getting popularity in day by day. I think all banker are not hate bitcoin, because bitcoin is a very profitable and some bank are also include bitcoin their work. I also think bitcoin dose not effect badly of banking sector.

[bitcoinisbest]

To an extent the banking business may get impacted if btc is used across the world especially in case of remittances where the people have to wait and spend more fees while transferring form one country to another. But in crypto it takes only few mins and hardly any fees to transfer the coins.

[conceptutorials]

i don't agree that all bankers hate bitcoin, because some bankers also trade with bitcoins to make additional source of income for themselves though the bitcoin cryptocurrency has an impact on the banking industry which might be negative in a way for the bankers but i disagree that the bankers hate BTC.