What would happen if all the big banks bought all the bitcoin?
No bank is going to be as dumb as to try to do that, if all the banks of the world wanted to buy bitcoin at the same time the price of bitcoin will skyrocket, it will reach prices above 100k and maybe even higher so every single bitcoin is going to become progressive expensive and even if they print money to get them that will only create inflation, and even if they were successful that will kill demand since no one will be able to afford bitcoin that expensive and they will end as bagholders. 
Topic: What if all the big banks owned all the bitcoin? - page 2. (Read 493 times)
It can't be, that lead to partially centralized and it is prone to malicious network attack like DDoS and might lost some of it, big banks are not so interested about bitcoin as its is a big threat to them but what they interested the most is the blockchain technology that makes the bitcoin more secure it is the newest innovation of cybersecurity, e-commerce, digital economics and in also in banking and finance industry. Blockchain is the new internet-of-things trends sensation as popularized by a pseudo-named Satoshi Nakamoto .Bitcoin was the raison d’etre of the blockchain as it was originally conceived. It’s now recognized to be only the first of many potential applications of the technology. Blockchain today is the most valuable application than the Bitcoin. Some big banks are now developing blockhain for their business specific transactions and applications.
What would happen if all the big banks bought all the bitcoin?
We'd all be filthy rich. Seriously though even in that scenario, there would be plenty of people who would not sell all their bitcoin -- just enough to make them filthy rich but not all.
The bank always hate and want ban bitcoin ,the bank and governments always control crytocurrenty .
if all the big banks bought all the bitcoin , the price bitcoin is $100,000 . of course bitcoin will become crytocurrenty of world .
if all the big banks bought all the bitcoin , the price bitcoin is $100,000 . of course bitcoin will become crytocurrenty of world .
What would happen if all the big banks bought all the bitcoin?
They do not support bitcoin at all so is impossible for it to happen, from the other side banks will have theyr own coin in the future, because bitcoin is the future in 2p2 transactions.
It would either be the end of cryptocurrencies as we know them, or a well timed hardfork may effectively wrestle control away from banks. Maybe Ethereum would rise up and takes its place. No one knows, but it is the very definition of the worst case scenario.
What would happen if all the big banks bought all the bitcoin?
I don't think it's possible. But if it happens, bitcoin future will be controlled by them.
If that was the case then Bitcoin would be considered centralized, no better than fiat. I don't think people would believe in Bitcoin anymore and would abandon it. However that's an unlikely case because it's an open source technology, many people securely store their coins, and lots of coins have been lost for many reasons.
It is quite possible scenario, but who knows maybe banks already buy some bitocins. For sure banks could buy majority of coins (because rest will be not for sale currently). Then for sure price of bitcoin will rise but not only. It would be a sign for crypto world that crytpo currency will be important part in the current payment system. So not only one coin(bitcoin)will grow but majority.
I have often wondered if they will become the whales.
This is fundamentally impossible for numerous technical and logical reasons. I'll name a few of them.
The primary one is that many Bitcoins have been lost, they belong to addresses whose private keys are not known to anyone and thus cannot be restored.
Secondly, not all Bitcoins are for sale. I hold Bitcoin and they're mine, no big bank (or anyone else) can have them. It's fundamentally impossible, it's not feasible. They can't buy them.
The primary one is that many Bitcoins have been lost, they belong to addresses whose private keys are not known to anyone and thus cannot be restored.
Secondly, not all Bitcoins are for sale. I hold Bitcoin and they're mine, no big bank (or anyone else) can have them. It's fundamentally impossible, it's not feasible. They can't buy them.
What would happen if all the big banks bought all the bitcoin?
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