Banks Are Terrified of Cryptocurrencies & This Is Why
In this video, Luke Rudkowski talks once again with Josh Sigurdson of World Alternative Media about the latest in crypto news!
This week Bank of America warned in an SEC filing that there's a serious concern that cryptocurrencies will hurt their business and that they need to adapt immediately.
An investigation by Nikkei Asian Review in Japan showed that cryptocurrencies only made up for about 0.16% of money laundering reports which contradicts the mainstream claim that crypto is mainly used for laundering.
Another notable story is the attempt by states and central banks throughout the world to create their own cryptocurrencies.
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Banks are not terrified of cryptos in the least. Cryptos are not much more that a bug that can be squashed at any time. The only reason they are allowing cryptos to survive now is just to let us work out the bugs before they come in and take it all over.
Total rubbish!
Good stuff, just followed.
We've seen lots of dollar laundry around the world, especially in south American drug cartel, but they don't care about it. One thing so funny is that they keep printing money, then the people keep depositing crypto inside their wallet to hedge inflation and economic collapse. ;)
You still have a long way to go, young people. But you will change the world.
Bill Gates lmfao
@corexx have a point,
I am very glad you are talking about this because I believe your voice is likely to be heard. I know others have talked about this in the past, but I don't see this being taken as seriously as I would like it to be.
This is the only real negative I see on this platform. Any other problems are rather trivial, but like you say, this could get someone hurt.
Thank you for talking about it and I hope this conversation gets some traction.
A case of calling a dog a bad name in order to hang it. The hedge against inflation of crypto could even be better than that of real estate.
Banks are terrified and are only doing their BEST to slow down the process, this is why we all need to keep sharing with others the TRUE benefits of Crypto Currency's and the long term vision. It all starts by helping 1 person a day understand Blockchain & Crypto and show them how to use Crypto... 2018 will be an epic year
It's going to be amazing!
Josh & Luke make a great pair to cover the topic of cryptos!
Love watching their individual channels and have been doing so for years.
They work tirelessly day in and day out to present the truth to us. That is why I put them in my dream team of HEROES OF TRUTH
Keep up the fantastic work guys and hope you are not too cold getting back home after Mexico!
lol Well thank you! Weird to see my mug in there. haha
Not a mugshot! You are a very upright and passionate person! Keep it up!
The banks should be scared. A freer, better product is about to replace them much more efficiently and honestly.
Let us all introduce steemit to our friends and families so they can enjoy cryptocurrencies, empowering them and also alleviating their poverty.
what i love about cryptocurrencies is it's fair to everyone, unlike other investments only capitalists get rich
Let's get rid of Facebook and the MSM.
Im with you.
Amazon.
Let's also begin to trade, conduct commerce in $teem/$BD for realz!!! Replace the dollar with $BD in your everyday purchases! I'll work for $teem/$BD. If you sell stuff...offer discounts for paying in $BD/$teem.
Luke looks luke my brother... B.T.W.
Banks will have difficulty competing with cryptocurrencies exponential rise to the market. If they will not adapt it now then they will have difficulty adjusting their business in the market and soon bankrupt is imminent!
i think you should replace the world 'dificulty'' with 'trouble'.
Thank you for this quote it is priceless!!
I agree ,,,, but btc was a Deep state creation ,,, the motive is slowly surfacing
They’re terrified of crypto because their fiat based debt is going to be worthless. Crypto currencies are like a black hole for conventional financial assets. The gravity willl be so great that nothing will be able to escape the pull!!
You still have a long way to go, young people. But you will change the world.
Haha! Thanks @bill-gates! It's just a matter of time, can't predict when. Gotta play smart!
banks are scared of crypto like youtube is scared of dtube
That's right.
Hell yeah, you hit the nail on the head
yes banks are scared because crypto market never stay's stable.
Yh. We have seen it in the likes of Jamie Morgan's comments. It's the next big revolution
haha they better be! :)