Do you really think crypto stand a chance agaisnt the financial system - page 4.

kingzpro

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Quote from: odukoyaewatomi27 on November 14, 2020, 04:43:43 PM

Let's face the truth, it is only in theory that cryptocurrency is a threat to banks/financial system. In reality, the banking/financial system is so big that crypto's threat is not significant at all. Majority of cryptocurrency investors are not really interested in crypto replacing the traditional financial system, they are just interested in it creating enough hype for more people to get in so their investment can skyrocket.
Think of it, if crypto was really a huge threat, don't you think we would have enough regulation by now?? what is you opinion??

Traditional financial system is already too old and exploiter of the common man that it needed alternatives or competitors and i think crypto will soon grow big especially after worldwide compliance and regulation you will see crypto competing with traditional business and financial sector.

jossiel

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You've got points with what you've said.

But it isn't only about the hype. There's real-money flowing in crypto and the banks can't even ignore it. In terms of investment, the risk is much better taking in crypto. The talks about kicking the financial system were years ago until we start to see the institutions started to adopt it as well and a lot of changes happened and in favor of us.

It's a threat somehow that their customers will be withdrawing their money and having it in crypto as we're also our own bank. But what I see is they will eventually join.

tycsols

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BountyMarketCap

Crypto is already a globally recognized thing and in most countries that have came up with crypto rules and regulations it is termed as digital asset which just adds to the value.
I do not know you are following all the right news or not but crypto is already regulated by law in many countries and a large number of countries are working to come up with regulations about crypto. I think in couple of years time crypto will be fully regulated worldwide and it will be mainstream and mass adopted.

NeuroticFish

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Quote from: odukoyaewatomi27 on November 14, 2020, 04:43:43 PM

what is you opinion??

Most probably crypto will not replace traditional financial system, or at least not in our lifetime.
But it doesn't matter. Financial system is forced to evolve to something better because of crypto and that's already one step forward.
Then crypto starts being accepted more and more widely by this traditional system, hence they'll coexist and people will be able to choose whichever suits them best (and use any of them just as easy).

StealthCoin1

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It shouldn't be against the financial system but working together as we already see it's working

odukoyaewatomi27

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Let's face the truth, it is only in theory that cryptocurrency is a threat to banks/financial system. In reality, the banking/financial system is so big that crypto's threat is not significant at all. Majority of cryptocurrency investors are not really interested in crypto replacing the traditional financial system, they are just interested in it creating enough hype for more people to get in so their investment can skyrocket.
Think of it, if crypto was really a huge threat, don't you think we would have enough regulation by now?? what is you opinion??

Topic: Do you really think crypto stand a chance agaisnt the financial system - page 4. (Read 719 times)