Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.
I think Bitcoin will only lessen the users or investors of the banks. However, it will not affect the profit of the bank hardly.
Even there are many people patronizing cryptocurrency there are still people who are not believing or not using It fully. They are more strategic in their move, they might devide their money to several places like banks or through blockchain.
Those who are not believing in bitcoin will regret soon because prices will go high soon and they will see it amazement and those who are in crypto are on right side because banks will expire soon and the cash we are using now will be of no use, and this will be compulsory in future so those who are not getting into it now will buy bitcoin in future at really higher prices and then they will regret and but that time will be late.