I see some banks opening up a business of supplying safekeeping for people’s cryptocurrences, with some kind of guarantee that they will compensate their clients if they make a mess in the process. I suppose it is unlikely that this will happen in the USA; but in another country that I do not recall just now this process has already begun.
I believe that you are correct in directing peoples’ attention to an important fact -- using our bitcoin “riches” requires that we cross the bridge between crypto and fiat, and that bridge is controlled by the banks!
Cheers!Hello and thanks for this most interesting note @sactheskydiver. I agree with your view the banks will be split, at least until the central bank comes down hard with threats against what it sees as being “rogue banks”.
As regards the banking industry’s moves, I buy the argument that we have already seen a big one: the start of futures trading on the CME. Please go here https://steemit.com/bitcoin/@lestatisticien/bitcoin-could-make-you-rich-but-bitcoin-futures-traders-may-be-the-king-s-men , to see my related post.
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