The Bitcoin Bank Run on 3rd Jan can boost the price of BTC

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Just like regular Banks, Bitcoin exchanges only hold a fraction of the Bitcoins they claim to hold for us.

A properly and significant executed Bank run on the exchanges can force them to stack up there Bitcoin holdings. Granted they wont have to have a backing of every single BTC holdings they officially have.

But they might have only 20% of the Bitcoin they display to have, if the Proof of Keys/Bitcoin Independence day gets enough traction, they might have to buy up alot of Bitcoin from the market in order to be able to keep the service up and withdrawals possible.

Everybody join in the Bitcoin Bank run!!!!!

submitted by /u/Geoku11
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1 Bitcoins

Bitcoin News and Search

1 News - 247 News - 247 Bitcoin - 1 Search


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