8 years ago

Why Bankers Hate Cryptocurrency?

Bankers Don't like Cryptocurrency
"Bitcoin is Fraud"- Infamously discredit Bitcoin projects by JP Morgan CEO
Traditional Finance Experts do not like Blockchain projects
Open-Source Cryptocurrencies like Bitcoin, Litecoin or other coins
Some economists and nobel award-winning researchers have claimed
Bitcoin and Other Cryptocurrencies Has no intrinsic value

The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. - Investopedia

Actually, no asset in the world has intrinsic value
Gold, the largest store of value, has no intrinsic value
There are potentially millions of times more gold underground than actually has been extracted.
If all are extracted, it can impact the international gold market
The intrinsic value argument is useless.

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