BitBoy Crypto Warns of Traditional Banking System's Consolidation Plans
Crypto influencer BitBoy Crypto, aka Ben Armstrong, has expressed his concerns over the traditional banking system's actions, suggesting they are turning on themselves by allowing community banks to fail. Armstrong believes this is part of the plan to consolidate the market and create three to four major banks, similar to the phone industry, which could result in reduced customer service. His comments highlight the ongoing tension between crypto and traditional banks. Some Twitter users provided counterarguments to Armstrong's claims, while others supported his views that there is an "alternative agenda" involving global central bank digital currencies.