Anonymous asked in Business & FinancePersonal Finance · 2 months ago

Can banks survive with bitcoin around?

If yes, how?

3 Answers

  • 2 months ago
    Favorite Answer

    Nobody uses bitcoin for everyday transactions. The transaction costs are too high and the amount of electricity required for bitcoin mining makes it an environmental disaster. The real question is whether or not Bitcoin serves any purpose other than being a speculative asset.    

  • 2 months ago

    By providing services that Bitcoin doesn't, such as certified checks, real coins, safety deposit boxes, interest, etc.

  • Anonymous
    2 months ago

    Only morons buy bitcoin.

Still have questions? Get your answers by asking now.