To be fair they always have said it would not be from Estonia.

And they never said it would be a bitcoin bank. Rather they said they would look to provide digital services related to blockchain.

Where did you get these ideas from?

Personally it seems wildly ambitious to me....but ...they may get somewhere ...who knows./ I don't think so, it is a real gamble that's for sure.
I would not put much in myself, if I did.

However you don't seem to be familiar with what they themselves have said about the project.