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LanternWaste

(37,748 posts)
3. I'm guessing it's a risk aversion policy.
Tue Feb 20, 2018, 03:25 PM
Feb 2018

I'm guessing it's a risk aversion policy. Bitcoin is new, thoroughly untested in crisis, and to date, lacks testable measures to the degree which would allow big banks to embrace it.

On the other hand, gun stocks typically experience a boost of roughly 1.5 percent in the five days following a mass shooting tragedy amid fears of tighter gun control legislation (further indicating that markets appear to have accepted mass shootings as the “new normal”)

Were I without soul or conscience, interested only in profit margins (which I presume with all large financial institutions), guns would be a solid buy, not so much Bitcoin.

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