It may cross cut the Banks share market value in Finance and world share market. But I dont think so It will replace the bank completely.i think bank will follow the technology current and maybe in the next generation there will be banks that receive bitcoin, so it can make people to have an easier transaction
I do not think that bitcoin can replace banks. Banks are the means by which the state regulates economic markets. No country will let the national economy out of its control. Bitcoin is decentralized and uncontrolled. Therefore, bit It is impossible for a currency to replace a bank.
Yes, the government need to have the banking system to manage the economy. Actually the nature of Bitcoin is against the banking system. Decentralized network to make the banking system get more troubles to collect more information, data about user and help the world becomes absolutely private, but very transparent.