All bankers hate BTC, am I right?

[Bloodseekers]

In my country, there are many statetment of national bank signify they hate BTC, maybe because if people already know it will left bank. But i dont know why they support XRP, so many romur out there says" XRP is controlled by banker. I dont know that's true or not. Yes maybe many bank hate bitcoin but not all

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[b3llsf1l3s]

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/

this was done maybe because the bankers did not want their jobs lost. because when compared to the central bank, of course the BTC still has a better level, but the bankers want to give a bad stigma to crypto.

[Indrawan77]

They maybe hate bitcoin, because bitcoin offer something that clashing with their principle, bitcoin offer freedom which is something not preferred by the bankers, the bankers also afraid bitcoin could disrupt the the economic system, so the bitcoin really makes the bankers in uncomfortable position

[c_atlas]

I think it depends who you ask.

There are lots of people within banks, namely tech-oriented people, who like many of the concepts being discussed and developed in crypto communities today. There are aspects of cryptocurrencies that are actually beneficial to banks. For example, clearing transactions whether it be on the stock market or a POS event at a shop takes very little time today, however, settling these transactions can take days, if not weeks. Surely banks (and their clients) can benefit from using the bitcoin network rather than wait for such long periods of time to settle their transactions, especially since they must expose themselves and their clients to counterparty risk, etc.

[mariah.sadio]

All bankers know the strategies to investments so it will not be impossible that some of them have or invested and hodl their money with bitcoin. I think that not all of the bankers have it because there are a lot of ways to grow their money but I am happy if some of them have bitcoin.

[Lpim01]

I don't think so, I believe they also adopt this new form of currency and used it for there daily transactions as well. It is the community development and they might accept such changes even it could lessen the numbers of client. Besides,  not all of us are using digital currencies and therefore they could still exist.

[Japinat]

Not sure if they hate, some big names in the banking industry are publicly saying bitcoin is a bubble or a scam but we do not really know what's inside their mind. We have to remember that bankers are good in making money, if their statement can affect the market, they will use it to their advantage, so it's better to also think outside the box, don't listed to them, listen to the people.

[Aponkye1]

Well i would not say that all bankers hate btc because almost all of us were saving with the banks until we got to know more about cryptocurrency investments. But what i know is that the central government that owns and operates the central banks rather don't appreciate that transactions be made using bitcoin because cryptocurrency payment evade all forms of taxes and this makes the government lose money.

[Coin-Desk]

Yes all bankers hate BTC. They never like bitcoin. Because bitcoin works on depend blockchain technology. Using blockchain technology a person can send money to any person without take any help from bank. And sending fees is very low than bank fees. So thats why all bankers don’t like BTC. If all people use bitcoin then bank business will close in future.

Bitcoin users increasing day by day. Maximum people now use bitcoin for sending money. So they never takes bank help. Sending money by bitcoin only takes 10-15 minutes. So it is so fast than bank. We should always use bitcoin.

Best regards
Coin-Desk

[deppil]

They maybe hate bitcoin, because bitcoin offer something that clashing with their principle, bitcoin offer freedom which is something not preferred by the bankers, the bankers also afraid bitcoin could disrupt the the economic system, so the bitcoin really makes the bankers in uncomfortable position

That is the worst thing that might happen to the bank. if the cryptocurrency and blockchain are really mass adoption and become the main system. but I don't think for now many bankers hate bitcoin. even they don't have an idea what bitcoin is?

[Maestro75]

That's an overstatement, most banks hate BTC but not all banks hate BTC. In my country one of them started showing interest by mining Bitcoin

This is a better statement than what the OP wrote. There is no way all will be against bitcoin. By the way, bitcoin can not survive without fiat. Fiat is bank. So if all bankers hate it, bitcoin will not survive a year longer.

[Kakmakr]

They do not hate the technology, they hate the fact that this technology is taking some of their market share. You cannot exploit people with high fees for years and then expect them not to support a competing technology that has less fees.

Banks love the technology behind Bitcoin, because they know this technology can be used to improve their networks to make them more efficient and then more profitable. They will not push the savings with the lower fees to the customers, but rather to the investors and shareholders of the Bank.  

[Nnedaddy1]

I do not think that bankers hate bitcoin.
As a matter of fact, I have seen the core bankers who are hugely invested in bitcoin.
So they do not only like bitcoin but invest hugely and even encourage others to join cryptocurrency but not in their official capacity though.

[Kemarit]

That's an overstatement, most banks hate BTC but not all banks hate BTC. In my country one of them started showing interest by mining Bitcoin(article).  

True. There are some banks who remain Bitcoin friendly and chooses to take advantage and make money out of it. I guess when banks know that they can really make a good profit out of Bitcoin then why not? They are in the business of making money so why hate something that can give them benefits in the long run? It doesn't make sense, I guess those banks who do hate bitcoin are purist and are afraid that they will become obsolete because of crypto's but we all know that it won't happen.

[Tavarez]

Not all of them, smart bankers are adopting crypto and blockchain in general because they know it represents the future. Some banks already implemented crypto forms, If I am right ripple is a product of three different banks.

[CarnagexD]

I don't think not all bank hate Bitcoin, in fact that there are many banks around the world defend and have corporations with crypto currency industry. There are many banks that are not ready to adopt crypto currency in massive. Then, peole think that this is like rejection of bitcoin.

Maybe some but not all... The entry of crypto currency into the market world create a lot of uneasyness, some fearful about on what to become of the Banking Industry once crypto currency digital transaction is globally accepted? Some are not open for crypto tansaction, we've already seen or read that some are against crypto. With this apprehension create a lot of issues confronting Bitcoin today. Yet. Some banking institution are opening and embrasing the usage of Bitcoin. In due time once all the concerns are resolved are address globally, then we can see the fears will die down...lets wait, Bitcoin is our future crypto coin in the making.

[alex_gr_cc]

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/

I think bankers are not against bitcoins. They now can not accept bitcoins because the regulators do not allow this. Also the cause is a large volatility. But not more.

[Shohanur]

Most of the banks are hating Bitcoin because generally bank use Fiat currency. Bitcoin is a crypto currency and it is not a centralized. It is a decentralized crypto currency. I think with in some years, banks will accept Bitcoin by announcing Bitcoin as a their legal currency.

[Valer4ik]

Friends, I looked at the Bitcoin chart, thought what was needed for the global trend reversal and came up with such a thing.
many miners made a good score on the growth of bitcoin. someone leaked the cue ball over 18000-20000, someone mined for free electricity, someone paid for the cards several times and sold them three times more expensive.
 in general, bitcoin worked on miners, now miners should work on it. It's time to tighten a little tighter belt.
And the idea is that in the next two or three years while mining, the bitcoins go not to the miner, but an empty wallet is randomly determined and a coin drips onto it. Now, when with each new unit acquired, the reward goes to a random empty wallet, then the person to whom the bitcoins came in will start using them for real-life calculations and the popularity of the crypt will grow.
transactions must also be free. we do not pay for using Google or Facebook.

in three years so many will enter the crypt and begin to use it.

[bitfocus]

actually, the present banking system hates BTC, not the banks, banks are just trying to figure out how they can get involved with a currency like BTC that they cant control.