Among the last three terms on my topic, each has representatives, and they've been having disagreements; the Government and banks against Bitcoin. With no tangible reason why it's so?
Both the government and the banks are just fighting for their own selfish interest, the government are against bitcoin because of their own selfish interest, they know that they cant control Bitcoin thats why they are against bitcoin, anybody can hold any amount of bitcoin and the identity of the person will be unknown, not like bank that they are having your informations already that government can have it whenever they need it. Bitcoin is having a fix total supply, it cant be increased or reduced, not like fiat currency that the government can decide to print more money and throw them into circulation at any moment.
Government keeps on claiming that bitcoin is used for illegal activities but we all know thats not the main reason they are again bitcoin, if they are against bitcoin because it can be used for illegal activities, then they should be against fiat currency also, any illegal activities that bitcoin can be used for, fiat currency can also be used for it.
The banks are against bitcoin because they believe they believe the more people are adopting bitcoin, the more they will keep on losing customers, most people that knows about bitcoin dont really save money in banks again, most of them prefer investing in bitcoin which will affect banks because they will keep on losing customers, am sure thats why banks are against bitcoin.
