The founder and partner for the Morgan Creek Digital focuses over the already greatly discussed topic i.e. the corporate institutions fear the potential that the crypto bear in them and the ability in them to topple the current financial system that works in favour of the corporate systems. Though this might sounds a lot rebellious, this is the truth closest to reality as per Anthony Pompliano. This rings bells to the recent incident as Pomp states involving Indian banks which are openly prohibiting people from using cryptos specifically bitcoin. This must-follow term is included in the banks’ terms and conditions and the user is to sign the terms in order to open an account and operate it under the premises of the said bank. BlockPublisher snatched the accolade of extracting some valuable comments from the man himself over the very discussion.
People should be given the freedom with their money and wealth as to where and how to spend it. There are some banks in India that are trying to do just the opposite, banning their users from indulging in cryptos deals. These corporate institutions are striving to induce the fear of what they cannot control themselves. Long Bitcoin, Short the Bankers!
Along with the latest trends according to which people are more cautious as to where they spend their wealth and monetary assets, the current financial systems hailing the fiats is under a lot of pressure to provide for the people who demand their wealth to be more digitally solidified and technically secured. This can only and precisely be accomplished using the blockchain network and within the crypto market.
The competition which obviously are the bankers, try to induce the fear that the cryptos are just a tiny speck of light which will fade away along with the ones who climb aboard. They try to ban the usage of crypto branding it as some rebel money and the way to transact on the darkest of levels. Though this was the beginning for some cryptos, the cryptos market has come a long way from that and has made some serious amends.
