The unusual action of the Bank of America was first hinted by entrepreneur Roelof Botha and later corroborated by Tron (TRX) founder and CEO Justin Sun.
Roelof Botha shared a letter dispatched to him by the Bank of American and the proposed permanent restriction of his 20 years of relationship with the bank based on no highlighted reason, while Justin Sun Jokingly shared the termination of his 8 years old account with the bank.
Could this give room to a better explanation of the freewill offered by Bitcoin and other decentralized digital currencies?
Bank of America Fires Roelof Botha
After 20 years of banking relationship, Roelof Botha was reportedly fired by the Bank of America. According to him, no genuine cause of action was stated.
Roelof shared the letter dispatched by the Carolina-based American multinational investment bank. In the letter, he was informed that his account will be “permanently closed 30 days from the day of the notice.”
Captioning the letter, Roelof said, “After being a customer of Bank of America for 20 years, I received this notice today that they decided to fire me as their customer! With absolutely no explanation…”
Justin Sun Shares Similar Experience
The founder and CEO of Tron, Justin Sun in a tweet that looks like meme corroborated Roelof Botha’s recent incident with the Bank of America.
Reacting to the captioned letter and Roelof’s grief, the Tron’s CEO said he’s also a victim of such action from the same bank.
He said, “Me too, I have been a customer of Bank of America for 8 years and get fired as well”.
Freewill Bitcoin Initiates
Bitcoin, the largest cryptocurrency by market capitalization, launched a decentralized financial monetary system. A system that gives its believers freewill to transform their stored capitals into an asset and totally out of the control of the third party (Governments and Central Banks).
After Bitcoin initiated this freewill monetary system, through the intelligence of its anonymous creator, Satoshi Nakamoto, tons of other decentralized digital currencies flocked the cryptocurrency market.
Obviously, their existence have challenged and it is still challenging the aged fiat monetary system that is majorly influenced by the government.
Bitcoin is powered by a technology (blockchain), which seemed not to be understood by the government, giving it the power to serve and function based on operational freewill.
The coin has been successfully hard-forked into several forms of cryptocurrencies such as Litecoin and some others. And these forms are thriving in line with the legacy set by the king of coins, Bitcoin.
The fact that the institutional investors now show their interest in the decentralized form of money has added to the advantage and future prospect of Bitcoin and other cryptocurrencies in the market.
The Centralized Monetary System Effect
The Centralized Monetary System is totally under the watch and control of government, backed by lots of seemingly unfavorable Terms and Conditions.
Indeed, people clamor for a new and fair monetary system that would offer them a bit of control over their stored capitals and assets. This is where the functionality of the decentralized Bitcoin and possibly other cryptocurrencies comes to play.
