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That's not really true. Banks are heavily regulated and forced to obey the fiat masters at the Treasury and Central Bank. There are plenty of banks that would love to get involved in bitcoin and stop buying those garbage treasuries, but they can't. Bitcoin will reform the banking industry by giving them a form of collateral that can be settled almost instantly.
2024-08-20 18:50:41 from 1 relay(s) ↑ Parent 2 replies ↓
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The major banks lobby the government and regulators to bend their policies in their favor. So far they have been short sighted and fear Bitcoin rather than embracing it. Yes Bitcoin does allow you to self custody and opt out of the traditional banking system but for mainstream Bitcoin adoption in the near term, support from major banks might be necessary.
2024-08-20 19:24:37 from 1 relay(s) ↑ Parent 1 replies ↓ Reply