Can banks survive with bitcoin around?
If yes, how?
- AnonymousLv 72 months agoFavorite 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.
- StephenWeinsteinLv 72 months ago
By providing services that Bitcoin doesn't, such as certified checks, real coins, safety deposit boxes, interest, etc.
- Anonymous2 months ago
Only morons buy bitcoin.