Fintech Insider Podcast by 11:FS cover image

674. News: Is Apple's big bank dream impossible?

Fintech Insider Podcast by 11:FS

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Does This Mean Crypto Is Dead?

MasterCard and the retail banks sort of piling into cryptocurrency when the vision was for our entirely decentralized currency. When banks see an opportunity, even if perhaps some of the individual players involved aren't believers, they're going to try to exploit it. We've seen the narrative shift repeatedly, right? I mean, if we're talking specifically about Bitcoin, it was supposed to be peer-to-peer payments without an intermediary. Well, that didn't work. It's too volatile. So it became digital gold. But inflation came last year, interest rates went up. What happened to Bitcoin and the rest of crypto, the value tanked. So it's not really an inflation hedge either.

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