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?
Maybe Bitcoin impose a threat against banks but not directly since it is not really the intention why Bitcoin was established because it is just intended to lauch an innovated version of the regular currency we already have. But I guess Bitcoin will not play to be a total threat to banks because there are still instances that Bitcoin can do afford to provide same as the banks. It is just about the purpose and the usage to be the dependent variable in this issue. So I think even Bitcoin was very fast rising, banks will not disappear since banks and Bitcoin is a different thing from each other in which they do have their own purposes.