Why banks hate bitcoin... And why we no longer need them...
What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.
And bitcoin has faster transactions than the bank and more secure I guess.
they hate because they know bitcoin can give them threat,bank afraid all people start leaving bank and choose bitcoin for their payment and investment,and this year they scared this is gonna happen.
You are right, but if banks also adopt bitcoin and they start to provide different services for bitcoin users then I think they will earn a good profit from it and that profit will be more big then their present earning from the savings.