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/biz/ - Business & Finance

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7693048 No.7693048 [Reply] [Original]

Why exactly are banks allowing crypto to thrive like this?

Don't banks have the power to single-handedly tank crypto prices beyond repair?

Am I the only one wondering what's going on?

>> No.7693081

banks like stupid easy money

>> No.7693087

if you are this much a brainlet, dont even think about it. But here are 3 simple ones even a brainlet might get.

Banks are making money hand over fist with crypto,

It is game changing technology for some industries.

Each bank doesn't get together and plan out their world wide dominance plans and shit. They act individually for the most part and help themselves. If one bank can make money fucking over a rival bank they will.

>> No.7693114

how exactly can banks single-handedly tank crypto prices? by market dumping large amounts of bitcoin? how did they obtain said bitcoin? they bought it, and drove the price up...

so no they can't single handedly tank crypto prices, they can just buy or sell like anyone else

>> No.7693129
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7693129

>>7693087
>game changing technology

>> No.7693152

>>7693114
by banning transactions to and from bank accounts you fucking moron, if you cant get fiat in or out of coins there is no money to be had and prices crash

>> No.7693384

>>7693152
some banks are doing it
some banks make money from it

jews have many different tribes

>> No.7693773
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7693773

>>7693087
>game changing technology

>> No.7693783

>>7693114
>what is leveraging
>what is shorting
I swear /biz/ gets dumber by the day

>> No.7693848

>>7693048
>implying banks aren't making a killing by using boomer allowance money to speculate the shit out of crypto

>> No.7693887

>>7693048
it's obviously a transition, what's there to wonder about?