Hello everyone, Today I would love to point that not only altcoins are loosing big.
Shares of Deutsche Bank (NYSE:DB), Germany´s largest bank closed above $7 which is more than 95% down from the stock´s all-time high over $139 in the summer of 2007.
The bank is operational in 58 countries with a large presence in Europe, the Americas and Asia. Deutsche Bank is the 17th largest bank in the world by total assets. As the largest German banking institution, it is a component of the DAX stock market index.
DB investors waiting patiently for over twelve years for a recovery !! While some of you calling cryptocurrencies fraud, others see the truth as the opposite.
In my opinion BIG CHANGES COMING to the financial industry.
The only change I see coming is maybe the deflation of cryptocurrencies through regulations. DB is in a hard spot, but to say this is true for all banks or is going to be the same for all banks is flat out bad thinking. Why? There is a low probability that this would be true; you could be right, but to place bets on it being true would be gambling. I know the public opinion of banks that they are risk on money grabbers with no direction who just benefit from highly leveraged accounts as they wait for governmental bailouts for their mistakes. Yes, 2008 was because of banks' greed, but the existence of banks is very good for the maintenance of your domestic and international economy. As much as you think they're dumb, they contain the best risk managers, economists, quants, etc for a reason. Rooting for them to fail is not a rabbit hole that we (the global economy) are prepared for. Cryptocurrency is far away (At least 15 years) from becoming a standard currency. Disclaimer: This is not shade at cryptocurrency investors, but at anti-bank investors.