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RE: Bitcoin Price May Surge As Italian Banks Send Alarm Signals For Europe

in #bitcoin7 years ago

Interesting info that some Italian banks are signalling failure.

As populations lose faith in their fiat currency they will turn to a place where they don't have to trust an intermediary government... crypto...

If you lived in Greece would you ever go back to fiat? Once this trust in paper money is broken for an individual it is never coming back.

As each of these banking system prove they can't be trusted, they will forever lose their chunk of customers.

For me this paints a one way street leading to crypto currency. It is a only a matter of how long it will take each individual fiat to fail and lose the faith of their people.

Maybe 6 months... maybe 60 years. At some point we are turning a page here.