Quote:
Originally Posted by HippoNipple
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The reason bitcoin isn't exchanged for USD in big insitutions is because it first has to be accepted by State and Central banks. Financial institutions would love to get involved because they make money on the transactions no matter what happens to the value of BTC. It is the government keeping out the bigger companies, not the quality or potential of BTC.
You can go exchange your USD into Venezuelan Bolivar at a bank if you want. The government will allow you to do that.
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It will never be accepted by state and central banks because its not real money. Its artificially generated Mickey-Money with no value and no stability or position.