There must be more banks in the world than number of cryptocurrencies
More banks = More Money
More banks can also help to keep the dollar and other currencies stable, as it is because a competition exists between banks which helps to keep the dollar or any other fiat currency stable. It will also help to keep the Bitcoin and number of other cryptocurrencies stable as in near future banks will also accept bitcoin so they would want to keep the bitcoin stable to prevent from losses. Which means that if a whale who holds thousands of bitcoins sells it to dump the market for his own benefit, may fail to disturb the market. It will also provide the security to cryptocurrency. Banks are also good for economy growth and it helps the governments to pay and collect taxes. If there will be more banks, governments would want to reduce or even remove taxes from cryptocurrencies as they can earn sufficient amount through banks to run its economy.
Topic: There must be more banks in the world than number of cryptocurrencies - page 3. (Read 406 times)
April 04, 2021, 05:50:02 AM
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