Topic: If Bitcoin is the new world currency maybe it's rising b/c bankers are buying it (Read 1261 times)
June 07, 2011, 08:40:37 PM
ok guys you need to be realistic - there are no bankers investing in bitcoin at the moment. If you compare the volume of trade compared to any other investment its really small.
June 07, 2011, 08:33:20 PM
Actually, I don't think you're far off the mark. If I were either the US government or the banking system, I'd have to be an idiot not to buy as many BTC as possible... You have to figure the Chinese are thinking about it, with a currency that is as ridiculously devalued as theirs, and dependent as they are on the strength of the US dollar to purchase their goods, a comparatively small investment would get them enough btc to, down the road, try and regulate the price.
Also, bitcoin poses an immense risk to the US dollar. Shutting down the system isn't going to work. Going out en force and buying thousands of BTC, even as the rate continues to rise, would give them some control in the future.
Then again, all of this requires intelligence and a certain philosophical outlook that may not be that prevalent among Washington insiders and the banking elite... But I'm guessing there are at least some brights among them who are raising an eyebrow and wondering if it doesn't make sense to buy.
Or... They will declare a "war on bitcoin", which has about as much chance of success as the war on drugs, on porn, on music downloads, and so on.
Just my .02 UTC (micro BTC?)
Also, bitcoin poses an immense risk to the US dollar. Shutting down the system isn't going to work. Going out en force and buying thousands of BTC, even as the rate continues to rise, would give them some control in the future.
Then again, all of this requires intelligence and a certain philosophical outlook that may not be that prevalent among Washington insiders and the banking elite... But I'm guessing there are at least some brights among them who are raising an eyebrow and wondering if it doesn't make sense to buy.
Or... They will declare a "war on bitcoin", which has about as much chance of success as the war on drugs, on porn, on music downloads, and so on.
Just my .02 UTC (micro BTC?)
June 07, 2011, 08:08:31 PM
Perhaps the CIA bought some bitcoins 
June 07, 2011, 08:05:14 PM
If you can't beat em join em. It's not rocket science. 
June 07, 2011, 07:45:10 PM
If Bitcoin is the new one-world currency, I wouldn't be surprised if certain "bankers" are buying right now, and right under our noses. Just think, if you were in the banking industry and you knew that the new currency would be bitcoin and that they would eventually be $100,000 per coin, what would you do?
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