Of course direct peer to peer exchanges are possible. In fact, I would trust some of the members here more than I would trust most of the exchanges.

Isn't it already happening with trusted members in marketplace section here in this forum(without escrow)?
So I'm just wondering if bitcoin or cryptocurrency should be the future form of our money and it will continue to the future because it has a threat to the banks or it will be stopped again by our own governments of the world?
IMO they can use bitcoin and blockchain tech to their own advantage and they don't need to stop it in order to adopt its tech. Direct peer-to-peer transactions worldwide would be possible in the future thanks to bitcoin, but there will always be someone who prefers transactions mediated by a third party rather than p2p, and for this reason, I think banks and crypto can coexist.