Bitcoin, the key to throwing banks into crisis: Assobit's statements on the future of cryptocurrencies and banks.
A few days ago we summarized some statements by Israeli Prime Minister Netanyahu, who stated with particular clarity that the traditional banking system is destined to go into crisis if it does not evolve decisively, and that one of the determinants that could determine these critical issues is precisely represented by the cryptocurrency.
Bitcoin to send banks into crisis
Well, another declaration that - this time - comes from our country is going to be inserted in this line of thought. Gianluca Comandini, among the founders of Assobit (the association of Italian companies operating with blockchain technology, the same on which the core business of cryptocurrencies is based) has in fact highlighted how that of the Bitcoin is not a bubble at all, but a needle that will blow up the banking world.
Beware of Panic sell
Of course, in his statements Comandini also took stock of the incredible trend of bitcoin prices, at risk panic selling. In other words, many investors have purchased Bitcoin with the mere thought of getting rich, and the media attention determined in recent days has only fueled this trend, with a large number of traders who entered the sector with the aim of " do not lose the opportunity".
Therefore the opposite hypothesis is not remote, namely that some investors who entered the sector on impulse, suddenly sell their cryptocurrencies in order to monetize the return obtained, and dragging in doing the same other investors, before quotations of the cryptocurrency are destined to fall.
In any case, Comandini concludes, even if a wave of sales should occur, the value is likely to stabilize in the short term, as the market has become more "intelligent and prepared", and has started to "really believe in Bitcoin" , thus ending up being able to buy the same bitcoins, but at a lower price, and contributing to a consolidation of values.
