Bitcoin Has Issues But There’s One Reason It’s a Threat to Banks

By Ahsan Khalid

Talking to BlockPublisher, well-known crypto skeptic and industry analyst, Jason Bloomberg stated:

Banks do not have to be afraid that Bitcoin will take customers away or cut into their business as Bitcoin has too many issues to be a threat to banks, from its criminal use to its consumption of electricity

Crypto proponents have largely posed the burgeoning cryptocurrency space against the centuries-old system of banking.

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