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How Banks Are Trying To Discredit Bitcoinbitcoinmagazine.com/business/how-banks-try-to-discredit-bitcoin
24 sats \ 2 comments \ @mf 7 May 2022 bitcoin
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20 sats \ 0 replies \ @JustDavids 7 May 2022
There’s less than 2 million btc left to mine. Do you really think banks would want to leave that to you, the regular person, to own as much of the next financial evolution as possible and not them?
They’ll gladly sell it back to you at a markup in the future since so many industries have begun to accept crypto.
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0 sats \ 0 replies \ @cryptocoin 11 May 2022
To protect their position, banking institutions have resorted to the classic tool of warfare: propaganda. By spreading misinformation, banks hope to discredit Bitcoin — reducing public adoption and encouraging stricter regulation.
The intensity of the banking industry’s information war shows just how much they fear Bitcoin — as they should. It’s only a matter of time before bitcoin permeates every financial sector — offshore settlements, escrow, payments, asset investments and more.
When that happens, banks will become the latest victims of technological disruption. Just as Netflix replaced video rentals and Amazon replaced bookstores, Bitcoin will replace banks. And no amount of doubt-sowing and misinformation will reverse that.
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