Who will win the crypto race? We know the banks are worried about cryptocurrency becoming mainstream but what will their plan be?
If cryptocurrency becomes mainstream and becomes the main way people store their money, it will mean the banks won't be in control and they would lose a serious amount of money that they make. If they feel threatened, they have the power to shut down cryptocurrency for good. The way they could do this is by adding laws and regulations that could completely destroy cryptocurrency. This is why the banks keep warning us that its just a bubble, not because they are afraid but because they know that if it ever gets to a point that threatens the banks, they can shut it down with a click of their fingers, theoretically.
Im not sure what their next move will be, We know they are testing their own blockchain and creating their own cryptocurrency so we're either going to see them release a cryptocurrency with powerful marketing behind it to overtake all other cryptocurrency which will win the race of becoming a mainstream crypto or put laws in place that only favors cryptocurrency owned by the banks. It's going to be between that and destroying cryptocurrency for good if all else fails. If banks advertised cryptocurrency the average person would trust it a hell of a lot more than just discovering it over the internet.
The banks are not going to give up so easy and i'm worried they might try something to take away our right to own our own money!
We are far from safe.