Keiser: Bankers Can't Stop Bitcoin

[CryptoBry]

"Keiser was similarly dismissive of the banking sector. Despite a raft of centralized altcoins appearing in recent times, their underlying one-dimensional status would ultimately fail to refocus consumer attention away from decentralized competitors.

Banksters know now they can’t stop (Bitcoin). What they’ll try is a bear hug. They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto,” he added.

The idea is to try and marginalize BTC. Fortunately, their own corruption will kill them." Source.

Max Keiser is former Wall Street trader and host of the Keiser Report. Do you share the same views with the man on bitcoin and its relationship with bitcoin (or maybe vice-versa)?

[boyptc]

He's a bitcoin bull and he's the one that predicted bitcoin will reach $100k soon.

IMO, I agree that banks can't stop bitcoin but as usual with those centralized crypto's being launched people's interest aren't really into it.

[Ailmand]

If you can't beat them, join them. Well, some banks are starting to integrate or consider blockchain tech and cryptocurrency. They have no other choice or else they will be left out. Most people are switching from bank to crypto due to it's convenience and potential.

[davis196]

"Keiser was similarly dismissive of the banking sector. Despite a raft of centralized altcoins appearing in recent times, their underlying one-dimensional status would ultimately fail to refocus consumer attention away from decentralized competitors.

Banksters know now they can’t stop (Bitcoin). What they’ll try is a bear hug. They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto,” he added.

The idea is to try and marginalize BTC. Fortunately, their own corruption will kill them." Source.

Max Keiser is former Wall Street trader and host of the Keiser Report. Do you share the same views with the man on bitcoin and its relationship with bitcoin (or maybe vice-versa)?

I'm sure that the bankers can stop bitcoin,but only if they are willing to use the power of their puppets-the governments.They won't even have to invest in silly projects,such as centralized pseudo-coins.

[BrewMaster]

They’ll try to crowd BTC out of the market by flooding the globe with their centralized crypto,” he added.

the thing is that we already had a very "crowded" market which has been flooded by thousands of shitcoins most of which were centralized. in fact we already have at least 3 major centralized altcoins in that market and about 4 government coins that aren't in the market (as in listed on exchanges) but exist. and so far bitcoin has not even been dented

[XinXan]

I doubt ''bankers'' are trying to stop bitcoin now, it's blatantly clear at this point that Bitcoin will NOT be able to overthrown fiat. Fiat will always be needed unless some other cryptocurrency with far better features than bitcoin appears. Bitcoin simply doesn't work for day-to-day transactions, it would also take a long time before it ever stabilizes which it wont. How would that even happen? The volatility will always be there and even if fiat stops existing for some reason, how will bitcoin be valued?

[Jet Cash]

I used to like Max Keiser - well actually I thought Stacey was more interesting, and Max kept interrupting her. He has been around enough to know how the banking elite control things, but he often seems to be at odds with reality.

Bankers can't stop Bitcoin, but they can accumulate coins, and increase it's value to such an extent that it is unusable for daily transaction, especially if they continue to create volatility.

[Genemind]

Banks see Bitcoin as a big threat but I don't think they can do anything to stop it. Now that people are aware of Bitcoin and how blockchain technology works, they will realize that they couldn't take control of it. Soon, banks would also accept and colaborate with cryptocurrency but I think it will still take time.

[XinXan]

I used to like Max Keiser - well actually I thought Stacey was more interesting, and Max kept interrupting her. He has been around enough to know how the banking elite control things, but he often seems to be at odds with reality.

Bankers can't stop Bitcoin, but they can accumulate coins, and increase it's value to such an extent that it is unusable for daily transaction, especially if they continue to create volatility.

They would have done so already if they really wanted to, they could have easily bought the majority of bitcoins by now, that amount of money is nothing for them, the market cap was also way lower. In fact in January of 2017 the total market cap of all cryptos was barely 19B, that's nothing for a bank, even for someone rich enough, they clearly don't care that much or they do care but are only profiting from it.

[leonair]

The more these Bankers hit hard Cryptocurrency and Bitcoin itself with their motives of destroying and spreading FUD the more free advertisement it would get then It's fine with all of us.

The technology of the future will prevail no matter how these corrupt individuals do their thing because the people will speak  and choose for themselves to what's the best.

[BitHodler]

The more these Bankers hit hard Cryptocurrency and Bitcoin itself with their motives of destroying and spreading FUD the more free advertisement it would get then It's fine with all of us.

It definitely is. I have started to notice that people actually turn against them, and as always, the harder you push against something that people start to like, the harder it will backfire.

The same pretty much applies to Roger Ver and his anti Bitcoin Tweets. Just read through the replies under his Tweets and you'll notice how he's not doing himself a favor at all, and not even once dares he to reply.

As for Max Keiser, the only thing he's good at is rehash the same anti bank and government bla bla over and over again. Back in the days it was what people wanted to hear, but we're over that now.

[figmentofmyass]

Bankers can't stop Bitcoin, but they can accumulate coins, and increase it's value to such an extent that it is unusable for daily transaction, especially if they continue to create volatility.

volatility is a matter of market liquidity. you can thank bitcoin's scarcity for all the volatility and slippage!

even if volatility weren't an issue (and it might not be), it was acknowledged early on that bitcoin can't scale to all the world's transactions. this is why hal finney predicted the onset of bitcoin banks, which i think we will eventually see. i hope better decentralized or non-custodial solutions take off as well (lightning, sidechains, etc) but i don't see most of the world transacting on the bitcoin blockchain all the time.

[pixie85]

He's boring with that. He's been predicting a collapse of the banks and another financial crisis for how many years now? 5? He's also a well known preacher of bitcoin as a global currency that people will use when fiat currencies become unpopular. I would like it to happen but it's not a very probable outcome.

He was wrong with his bitcoin price predictions so what if he's wrong with unstoppable bitcoin? As long as bitcoin needs fiat it is stoppable.

[hatshepsut93]

I don't feel like there's any systematic attempt to stop Bitcoin - we see occasional ban by some government, we see occasionally banks don't want to deal with crypto companies, but overall there's no mass prosecution, and while some bankers, economists, regulators are critical of crypto, it's not as bad as it could have been. For banks to start thinking about actually stopping Bitcoin, Bitcoin must first become  much more influential than it is now, because at this moment it doesn't look like a threat to banks - Bitcoin is 10 years old and mass adoption still didn't come.

[pooya87]

"First they ignore you, then they laugh at you, then they fight you, then you win”.

that is the story here.
first they ignored bitcoin and remained in denial that their time is up and their corruption is coming to an end.
then they started ridiculing bitcoin and called it magic money.
then the panic set in and they started fighting which is where the "ponzi scheme" "fraud",... labels came out. and also the continuation is them creating their own centralized coins.
the end result is bitcoin's win.

[Jan_Vl]

I think banks will eventually accept crypto, they will have no choice

[figmentofmyass]

"First they ignore you, then they laugh at you, then they fight you, then you win”.

that is the story here.
first they ignored bitcoin and remained in denial that their time is up and their corruption is coming to an end.
then they started ridiculing bitcoin and called it magic money.
then the panic set in and they started fighting which is where the "ponzi scheme" "fraud",... labels came out. and also the continuation is them creating their own centralized coins.
the end result is bitcoin's win.

"ponzi scheme" and "fraud".....is that all they've got?

the indian government is apparently mulling over a 10 year jail sentence for using cryptocurrency. do you think this could be the beginning of governments prohibiting usage? not just labelling it as a scam and discouraging usage but actual criminal penalties. it's always been a possibility, but it's scary to see large countries considering this.

[Beerwizzard]

1. No one is trying to stop bitcoin. At the beginning banks just didn't want to use it bacause they had to avoid risks related to illegal activities of crypto users. And tbh many of them really had something to hide.
2. On the other side banks and the government can stop Bitcoin if they really want. It is impossible to buy something worthy irl and hide it from everyone while small transactions have no difference from good old paper cash and make no harm. But anyway, it would just take much efforts and in any case any huge crypto ban doesn't worth it.

[LogitechMouse]

Well, from the start already they can't stop Bitcoin so what did they do?? They created their own coin in the form or Ripple.

They can't stop Bitcoin and other crypto but what they can do is accumulate more coins and try to manipulate it and that is I think the problem of Bitcoin and other cryptos right now.

[acroman08]

"First they ignore you, then they laugh at you, then they fight you, then you win”.

that is the story here.
first they ignored bitcoin and remained in denial that their time is up and their corruption is coming to an end.
then they started ridiculing bitcoin and called it magic money.
then the panic set in and they started fighting which is where the "ponzi scheme" "fraud",... labels came out. and also the continuation is them creating their own centralized coins.
the end result is bitcoin's win.

"ponzi scheme" and "fraud".....is that all they've got?

the indian government is apparently mulling over a 10 year jail sentence for using cryptocurrency. do you think this could be the beginning of governments prohibiting usage? not just labelling it as a scam and discouraging usage but actual criminal penalties. it's always been a possibility, but it's scary to see large countries considering this.

I doubt that's the only thing they got. and no I don't think wouldn't be the beginning of governments prohibiting the usage of
bitcoin since there are countries who are openly accepting bitcoins. I think one of the reason why they pushing the usage of bitcoin
as a criminal activities is because of the rampant scams that had been happening in their country.