I'm sure the big private investors will already have their share of Bitcoin.
The retail banks are really middlemen, rather than investors. Their risk is that you no longer need to use their bank facilities or currency exchange or the savings plans and mutual funds that they offer and on which they take their spread. Also that they cannot make a margin by lending out Bitcoin that people have invested with them. I think it will be a lean spell for lots of the big banks but then they will adapt. There are plenty of services they can offer in the decentralised world.
There is a limited amount of Bitcoin. Even if they would invest a heavy sum in Bitcoin they would still only own a portion of it. And simply put, if Bitcoin eventually would succeed to overthrow fiat dollars/euro's (and so on) they wouldn't be able to hold their current money scheme anymore...
Ok let met try, I didn't watch the video but I still think I know what the conclusion is. "This is why Rothschild banks fear Bitcoin:" Because it can potentially overthrow their banks (being all legit money and all. Compared to their worthless fiat).
That is a huge problem with having your money invested into banks or using the USD. It is subject to huge inflation as well as the fiat system is in a sharp decline. Bitcoin is pretty much gold 2.0 but even better. Not only is it a great storage or value which can keep appreciating as well as you are able to transact it.
Thank you for sharing this great video @davidp
Soon they will be bitcoins , heard they are after gold now
I'm sure the big private investors will already have their share of Bitcoin.
The retail banks are really middlemen, rather than investors. Their risk is that you no longer need to use their bank facilities or currency exchange or the savings plans and mutual funds that they offer and on which they take their spread. Also that they cannot make a margin by lending out Bitcoin that people have invested with them. I think it will be a lean spell for lots of the big banks but then they will adapt. There are plenty of services they can offer in the decentralised world.
If you think they fear bitcoin then you're wrong..bitcoin helps with the no more cash paper plan
There is a limited amount of Bitcoin. Even if they would invest a heavy sum in Bitcoin they would still only own a portion of it. And simply put, if Bitcoin eventually would succeed to overthrow fiat dollars/euro's (and so on) they wouldn't be able to hold their current money scheme anymore...
May be you're right, but I see that the BTC grows very quickly and will be able to drop the paper currency in terms of selling and buying ... etc
Ok let met try, I didn't watch the video but I still think I know what the conclusion is. "This is why Rothschild banks fear Bitcoin:" Because it can potentially overthrow their banks (being all legit money and all. Compared to their worthless fiat).
Nice informative video @davidp sir, thanks for sharing
BTC giving tough times out there
it's an interesting video and i think banks see BTC as their killer
That is a huge problem with having your money invested into banks or using the USD. It is subject to huge inflation as well as the fiat system is in a sharp decline. Bitcoin is pretty much gold 2.0 but even better. Not only is it a great storage or value which can keep appreciating as well as you are able to transact it.
Thank you for sharing this great video @davidp
nice videos sir "" upvoted
Thanks for sharing with us @davidp
Big thumbs up