Investors who leave their cryptocurrency in the custody of an exchange are like people who invest in Starbucks even though they don't drink their coffee. They might make good technical money, but their actual understanding of use cases and value propositions is questionable.
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the key word there is "trust".
Indeed if you trust crypto custodians, who are rookies and often loose peoples' crypto, then you should be much more trusting of banks who have far more experience and are far more reliable. So then why put your money in crypto instead of banks?
![Khalid [₿⚡🔑]](https://pbs.twimg.com/profile_images/1119619874953793536/Zjb63GvE_normal.jpg)
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Lmao, you really thought the value proposition of bitcoin was that banks can’t be trusted to store money? This is gold.
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No. The service of storing wealth for others is *not* threatened. This is in *no way* what Bitcoin distrupts. On the contrary, it’s a great opportunity for old or new banks because Bitcoin presents both new challenges and possibilities for storage.
End of conversation
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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By banks being “more reliable” you must be speaking strictly of trusting that one can safely access funds in the future? As opposed to their using our deposits to create trillions in leveraged bets and systemic failures that has brought Western civilization to its knees?
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Your idea of a future bank is completely wrong. Storage and enabling easier exchange is the future of banking using crypto as the value. Banks will get smaller and more niche specific
End of conversation
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