Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
As time passed by, new innovations are being made to improve our way of living. I think we are now in that age when we transition towards cryptocurrency. I think banks and bitcoin will either compete against each other or work together to support the financial industry of the society. But even now, it is hard to say when would this will be decided. Bitcoin is gaining popularity so I think there will be some minor competition soon.