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The number of banks willing to do business with the crypto industry is shrinking

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Re: The number of banks willing to do business with the crypto industry is shrinking

#361
post #298

Earlier quoted context omitted.

> So many HODLers in this thread. For the normal person on the street, Bitcoin or Crypto never mattered. Total copium from alt nerds is never ending, but the truth is neither of you know what you are talking about: Blackrock just added BTC to their $15B fund [0], which isn't much in total market-cap (despite the down market) but is a position to say the largest (and most predatory) hedge-fund sees value in utilizing…

>financial history Challenging to find reliable sources on this that actually include financial statements.

> Challenging to find reliable sources on this that actually include financial statements.

Look at anywhere the IMF or World Bank has been involved in where predatory loans have been issued and have led to massive re-valuations and ultimately had the Bank of intl. settlements come in. Everything from productive assets, to national parks, to lotteries, to pension/retirements get stripped under the guise of austerity to re-settle things; it's pretty wash and repeat.

The fat that you cannot find 'financial statements' underscores the very premise of my argument.

Re: The number of banks willing to do business with the crypto industry is shrinking

#362

There is no reason to be invested in crypto. It is no more valuable than a trading card and the volatile nature of trading cards are equal part. Noone also needs to invest in something that has an unsure future. While people would argue that it is like investing in stocks that crypto is the new Apple stocks of 80s. It simply isn't that stocks come with volatility but you own a share of the company as in you own that…

Yet banks do not close accounts of people selling, buying, designing, or printing trading cards, do they?

Actually they can! If a large amount of money transfers because of selling/buying anything it can cause freeze on an account. But the individual value of a card is not likely to cause the trigger. Just like... ... crypto.

But cash you can pretty much hide it even if you have finger quotes to finger quotes.

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