you’re doubling down on the deluded dupe sauce. Banks have trillions of dollars to buy and sell assets. You yourself admitted they can effect the value of a crypto currency.
When many of those holders are banks, there’s plenty of utility there.
Banks don’t need to predict which coins gain critical mass, they have the resources to DICTATE critical mass. Again YOU ADMITTED IT.
Here’s how it works for those not wanting to be deluded dupes: banks have enough money to prop up or tank any market. CC is just another market. Banks understand the buying and selling of currency, that’s literally what they were built to do. They will be better at buying and selling CC than the average person. They do not fear CC, they will profit from it.
Not critical mining mass, that's the kids with graphics cards. Critical demand, sure. At that point the kids exit. Do banks have rows of graphics cards and read reddit threads? LOL.
Here’s how it works for those not wanting to be deluded dupes: banks have enough money to prop up or tank any market. CC is just another market.
You're ignoring the 1500 CCs that you helpfully listed. The banks didn't make that list, the kids did. Banks can then manipulate any individual CC's that they wish to, up or down, although up is easier and has to come first. When did I ever say banks fear CC? Look through my comments, you will see I did not. Did I say they can't profit? No, I said they won't profit more than the kids will. They will trade and profit more than average persons in trading, except for the experts.
Let me ask you this. Are banks experts in natural gas? Predicting 2-4 week weather to predict the gas price fluctuations? Not really unless they hire experts. The firms that do gas market analysis are better. Why would you think CC is any different? Your answer: it's just money and banks are good at money. My reply: it's a new commodity.
Modern banking is an adjunct to the modern state. Aside from the idiocy of a “currency” that lost 50% in the last month, does anyone really think every major government in the world is gonna rollover and watch this take on their banking cartels? Really?