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?
Bank will not disappear as the fiat will not be obsolete too because Bitcoin as a currency for now is not a user friendly specially to the poor in which mostly will never know how to use it unlike fiat that even children can use it instantly so as long as money will exist in this world then the banks will going to exist too. If ever the money will be supersede by Bitcoin then i think the banks will easily to shift from fiat currency banking to Bitcoin currency banking because the banks are already used to digital transactions so for me Bitcoin is not a threat to the banks.