Comment by fragmede
9 years ago
Maybe not be the best analogy since that is exactly what banks do with your money while it's parked in your savings account - invest it in whatever they feel like. Probably not Bitcoin futures because the bank manager doesn't want to, but there's nothing stopping them from doing exactly that.
No, the bitcoin futures were my point. Of course they can re-invest in principle but the trust is tgat they won't invest them into something that is an obvious risk.
And no, they can't: In many countries there are regulations forbidding high-risk investments with regular savings accounts for exactly that reason.