I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
The rapid rise of bitcoin internationally gives a threat not just for local banks but of all types of banking system around the world. Bitcoin had almost everything you need that the banks cant and if the banks can, then in bitcoin its less than that it is with the banks. People were slowly jumping on to the crypto and making some adjustment there and leaving banks behind.