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?
In a way yes they pose a threat to banks as people may invest in bitcoin rather than investing in banks as interest rates are very low in banks. As for Bitcoin the returns are just uncomparable and the time frame is just to hard to ignore