Re: A fool and his money are soon parted...
Its the banks buying up bitcoin - hence the price increase over the past year or two. Eventually they will crash bitcoin by selling it off by the wheelbarrow load. Once bit coin has bitten the dust they can carry on business as usual safe in the knowledge that they have destroyed this threat to their business model.
Cryptocurrencies are definitely a disruptive technology in finance circles. Best to destroy it rather than try and compete and lose out on major fees.
Biting the hand that feeds IT
