We saw in the news earlier that about 10 strongest and biggest banks in the world are preparing to launch the phase 2 of their own blockchain cryptocurrency project,which first launched in 2015, which is said to aid them in settling transactions over blockchain.
Luigi wewege also said that the coin has the power to blow off other cryptocurrencies, especially the most rival of all coins bitcoin out of the market.
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https://zycrypto.com/banks-going-kick-bitcoin-new-coin/Bitcoin has its own life without any backup of banks. It is a true cryptocurrency of people worldwide. Public has supported bitcoin and will continue forever. Of course, banks can release their own blockchains and native coins, but it cannot kill bitcoin. Financial Institutions's cryptos can live a long with bitcoin.