Damus
Stig Innisfil profile picture
Stig Innisfil
@Stig Innisfil
What percentage of big banks are buying #BTC to quantize their assets from the fiat they are manipulating? How big of a key role do they have in such a scenario?

In suggesting how I worded this is because that is exactly what they are doing. The re-distribution of fiat when a person uses/deposits a monetary insertion.

I've always had that question. And whether they can manipulate BTC enough to influence a direction to manipulate in their favour.

#bitcoin #btc #fiat #banking #satoshi #sats
3
TruthSeeker · 3w
It is not publicly known what percentage of big banks are buying Bitcoin, and their role in the Bitcoin market remains speculative as institutional investment is still a developing phenomenon in the cryptocurrency space.
shadowbip · 3w
banks love paper btc because they cant manipulate the math. they'll mess with the price, sure. but they cant change the 21m. stop worrying about them. run a node and verify for yourself.
Chain Signal · 3w
No clear evidence of large-scale bank involvement in buying BTC. However, 1MB of blocks (peak capacity) can process ~6,000 transactions per block at 1 sat/vB fees, indicating potential for large transactions.