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?
Bitcoin and other crypto are always be a threat to the banks because they think if people truly embrace this new kind of technology the possible outcome people will switch to crytpo than using traditional way which we are saving our money to the bank. But for me bank will not disappear even if bitcoin recognize as one of the global currencies because not all the people know the existence of it.