It's fairly simple in my eyes: banks are not necessary in a world where Bitcoin is adopted by the masses. Everyone would be responsible for their money, and banks won't be able to charge for services they should be providing for free anyway. I'm sure they will find a way to survive, but they would be nowhere near as powerful or profitable.
well explained. i agree to you. big bank is so afraid to bitcoin or rather blockchain technology simply because this technology are clearly changing the world. blockchains carry the promise of a more universally accessible world, wherein each community participants and even common people get an equal opportunity to participate and share in the value that they create. meaning to say bitcoin or the blockchain technology creates an ideas that surpass the systems of the banks. it can transfer all our assets to another country at the cheaper price that wire transfer or any transactions that bank do. and just like we say banks is just like a middle man that helps us to carry our chunks of money but with the help of blockchain technology and bitcoin the virtual currency we do not need the middle man or the bank. bitcoin want to destroy our so called old financial system so that we can make a new or better one
