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2024-04-20 14:57:16 UTC

rajatsonifnance on Nostr: Why do people still listen to big banks like JPMorgan when making financial decisions ...

Why do people still listen to big banks like JPMorgan when making financial decisions like whether they should buy #Bitcoin   ?

Did Blockbuster tell its customers to use Netflix?

Banks profit from our mistakes

They benefit when we make the wrong financial decisions, like locking up our future to borrow hundreds of thousands of dollars

Do you think they want us to own Bitcoin?

Bitcoin gives us the ability to spend our money WITHOUT relying on banks

On a Bitcoin standard, consumer loans will not exist the way they do today

Do you think banks will be able to offer a Bitcoin credit card?

No way - it'll be way too risky for them

Of course banks will tell you Bitcoin is going down...

They want you to continue relying on dollars, and bank accounts, and debt that they profit from

When retail investors panic sell Bitcoin, banks swoop in and buy whatever they can

They hope the financial system continues to operate the way it is right now for decades to come

Bitcoin is a bank CEO's biggest fear