Australian banks close bitcoin related accounts
Australian banks are closing accounts connected with bitcoin related activity. What does it mean for bitcoin adoption and and price going forward?
In my opinion, it might hurt bitcoin a little in the short-term, but it actually helps both the adoption and the price of bitcoin in the long-term. In the short-term, some people's reaction might be reluctance to deal with anything related to bitcoin. However, as time moves on, people will realize that the actions of Australian banks means that banks (Australian or not) might cut you from your own money in the bank at any time. This will actually make more people want to have at least some bitcoins.
On the other hand, if banks' actions are really widespread, people might have difficulties finding a way to escape fiat and buy bitcoins.
What do you guys think?
#bitcoin
really as you say, I should learn first
This post has received a 0.4 % upvote from @boomerang thanks to: @myfinanceteacher
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
This post has received a 0.40 % upvote from @buildawhale thanks to: @myfinanceteacher. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness