Banks do not want bitcoin to become popular

[Crypto-Ivan]

Banks have always been against cryptocurrencies, and they see Bitcoin as a competitor. The decentralized nature of Bitcoin prevents payments and banks from controlling people's money. The successful popularity and widespread adoption of Bitcoin has reduced banking operations to the detriment of their interest income.

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[HajiBagi]

No matter how the bank speaks about bitcoin and plans to stop it, it will still improve because I'm very sure that everyday bitcoin is still popular and well-known as a good investment to many countries and some society because it has made many people change from zero to hero and even the rich people people more than people that we imagine and they relayed on it that after buying bitcoin they sell it for profit, so bitcoin still remain bitcoin.

[nullama]

No matter how the bank speaks about bitcoin and plans to stop it, it will still improve because I'm very sure that everyday bitcoin is still popular and well-known as a good investment to many countries and some society because it has made many people change from zero to hero and even the rich people people more than people that we imagine and they relayed on it that after buying bitcoin they sell it for profit, so bitcoin still remain bitcoin.

There's no need for a bank for Bitcoin, so of course they will talk bad about it. It makes sense.

Whenever they speak good about Bitcoin is when they're offering some kind of custodial service, or a card attached to Bitcoin, or something like that.

Their opinion is always attached to how much money they can make with Bitcoin.

If it's independent of them, then it's bad, if they can make some money with it, it's good.

[Abiky]

I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin. 

Of course banks hate Bitcoin. After all, it's decentralized money they can't control. The few banks you see supporting Bitcoin are only doing it for the profits. Not because they're ditching Fiat altogether. We have to admit that traditional Fiat currencies won't be going anywhere as banks won't let that happen. They're still too powerful even with crypto/Blockchain tech in play. What they will do in the end is adopt Bitcoin's revolutionary technology to create digital currencies of their own. After that, they'll be truly unstoppable. Unless people start trusting BTC more than Fiat (which is very unlikely to happen anytime soon), banks will be with us for a very long time.

At least we know Bitcoin will survive no matter what banks or governments do against it. That's because the BTC blockchain is decentralized and censorship-resistant. I hope it stays that way for the good of humanity. Who knows if BTC lives alongside Fiat for generations? Just my thoughts

[Oneandpure]

I don't know about Bank hate and not want Bitcoin become popular due still use and withdraw my Bitcoin assets through local exchange market used Bank, I am really need Bank right now although have option for withdrawing cryptocurrency assets trough P2P exchange market Binance, but withdrawing directly to the Bank more easy and have huge limit withdrawing daily day in my local exchange.

I don't want one day later Bank stop working with local exchange market and not possibility withdrawing our cryptocurrency assets to the Bank, will be difficult when selling stable coins assets trough P2P Binance exchange.

[Getmon]

Despite this, how many times have these banks failed? They really did not show any appreciation for bitcoin at first. Despite the fact that these banks and their high-ranking officials have failed with their fuds for many years, some have already begun to support it. They cannot stop bitcoin from growing. Individuals like us became more aware of the flaws in our monetary system run by banks and governments. The more they spread lies and nonsense, the more our curiosity arises. Therefore, these banks will either join the bitcoin revolution or be left behind.

[S A KHAIR]

I don't know about Bank hate and not want Bitcoin become popular due still use and withdraw my Bitcoin assets through local exchange market used Bank, I am really need Bank right now although have option for withdrawing cryptocurrency assets trough P2P exchange market Binance, but withdrawing directly to the Bank more easy and have huge limit withdrawing daily day in my local exchange.

I don't want one day later Bank stop working with local exchange market and not possibility withdrawing our cryptocurrency assets to the Bank, will be difficult when selling stable coins assets trough P2P Binance exchange.

Even if you use P2P binance, you still need to use a bank if you want to use fiat. Banking will never go away, it's very important to us. It should be remembered that banking has existed for hundreds of years and still exists today. Without a bank we would be in trouble, but without bitcoin, we would still have a normal life. Many people still live normally and are even rich without bitcoin.

[ancafe]

Who cares about news like that, isn't the ban from the government also affiliated with regulations that are continuously being issued, negative news is not only produced by banks, but many other agencies independently or in groups that make news like that.

Then how can bitcoin develop and not be driven away by any negative causes that are accommodated or massive.

I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin. 

The panic that occurs in people is caused because they do not understand the journey of bitcoin, and I can say agree that the Bank does not want bitcoin to become more popular, that's why they are trying to develop CBDCs as an option for prevention, the existence of crypto is the background for Banks to create CBDCs even though the function of bitcoin is very different or crypto with the CBDC.

They just seem too coy to compete, so regulation is just an excuse to cover up their distaste for the growth of crypto in general and bitcoin in particular.

[coolcoinz]

CNBC is a paid shill for whoever gives them more money and up to now these were bankers, but recently it might be the WEF. You can find videos of their management being invited as guests to Davos. How can anyone expect them to be unbiased about all of this if Klaus Schwab is paying for their expensive hotels and meals?
There's also a recent video where Jamie Dimon attacks bitcoin in Davos, comparing it to a ponzi scheme, when his bank, JP Morgan, was providing funds for SBF to run his scam.

Fuck this so called global elite. All they are is a bunch of corrupt crooks and liars.

[nullama]

CNBC is a paid shill for whoever gives them more money and up to now these were bankers, but recently it might be the WEF. You can find videos of their management being invited as guests to Davos. How can anyone expect them to be unbiased about all of this if Klaus Schwab is paying for their expensive hotels and meals?
There's also a recent video where Jamie Dimon attacks bitcoin in Davos, comparing it to a ponzi scheme, when his bank, JP Morgan, was providing funds for SBF to run his scam.

Fuck this so called global elite. All they are is a bunch of corrupt crooks and liars.

Mainstream media usually just sends the message that certain people want to be sent.

It's not real news, it's not real in the sense that it is filtered, and with an opinion bias.

It's really hard to find any kind of truly independent news or media, because they just don't get any funds from anywhere.

[Abiky]

Even if you use P2P binance, you still need to use a bank if you want to use fiat. Banking will never go away, it's very important to us. It should be remembered that banking has existed for hundreds of years and still exists today. Without a bank we would be in trouble, but without bitcoin, we would still have a normal life. Many people still live normally and are even rich without bitcoin.

That's certainly true, mate. Banks will never go away simply because they're "too big to fail". Governments need them for the issuance and circulation of money, so such financial institutions will be relevant in the future even with crypto/Blockchain tech in play. What they will do is create digital currencies of their own to avoid being left behind in the dust.

The real reason why Banks hate Bitcoin it's because of its decentralized and censorship-resistant design. Not because it threatens the existence of Fiat. Bitcoin is freedom, while Fiat is slavery. Banks want you to play by their rules by being enslaved to a centralized monetary system that can easily be debased. The more people use Bitcoin, the more furious banks will get. This is will be a never-ending battle between crypto and Fiat. At least, we know Bitcoin won't be going anywhere soon. Who knows if it lives alongside Fiat for generations? Just my thoughts