Bitcoin keeping the Central Bankers up at night?
There are many things to keep a Central Banker up at night.... the rise in Bitcoin is just another piece of the puzzle that is becoming more evident.
We know about the rise of bitcoin. But do we know about the “eggshells” that Central Bankers are walking on as they are caught between a rock and a hard place. They know the market rally for stocks and bonds is not real. They know the debt problem is bigger than the 2008 crash when the credit markets froze. They also know in this globally connected financial system, there many things that can take down the banking system like dominos.
Digital currency is seen as and investment that shows the “panic in the dollar or markets”. Nobody wants to say that digital currency will be the transitory system as the old system fails.
I don’t think that “the nerds or common people” were suppose to get in at a lower price like they have...and now the bankers are not the first ones to digital currency—- I think the NSA outsmarted the CIA in this move. It wasn’t suppose to happen this way perhaps — but it did and now we are here.
The Central Bankers have to “thread a needle” here. Let’s watch.
I think the whole business world can’t sleep because of bitcoin :D
Well, when you think of the way of the world and how people make a living, you can understand.
If so many of them where not so gready, they would see this as an opportunity to evolve there business model. @floridanow
I guess that is not the mindset of Central Bankers around the world.