You are viewing a single comment's thread from:
RE: What Business Will Be Most Affected by Cryptocurrencies
I think gambling and banking will find a way to take a large slice of the pie. It’s the government that is going to be hit the hardest.
I think gambling and banking will find a way to take a large slice of the pie. It’s the government that is going to be hit the hardest.
That would be very nice, for once the rest of us get to breathe easy and the national bureaucrats can sweat a little, lol. Good point, thanks for the comment!
Yeah, but, banks... UGH. Of course they'll find a way to screw us all over and completely defeat the original point of Bitcoin.
It's really murky right now because banks and government are so intermingled because of regulations in the last ten years they are practically another arm of the nationally centralized platform (lol federal government). They are already trying. The are basically behind the giant run up on ripple, and I would go as far to say that they are somewhat behind the crypto run up lately. It seems to me that the effort to pick up the top cryptos (according to coinmarket.com) has been very spread out and highly concentrated, buying all dips the last few months. I think that steem is even among the cryptos being picked up by banks or by some heavyweight monster financial institution, it will not go down, very different than before, there is an artificial cloud protecting the price as of the last about month and a half that I had not seen before in my six months here, whatever that means lol. The top 100 cryptos on coinmarketcap add up to a total value as of right now $160billion (give or take a few billion-in that neighborhood anyway) which sounds like a lot, but to institutions that are pumped millions daily like mutual funds, hedge funds, whatever they could very possibly take a big stake in that over in time if they really wanted to.
You got a 3.39% upvote from @minnowvotes courtesy of @cryptkeeper17!