Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Banks can never be removed, cause they are being controlled by the government. If any country decides to starts making use of cryptocurrency, it will be issued out by their central banks. How it will start is that people will be asking to pay in the money they have into banks which will then be converted to cryptocurrency. Thats how I think it will work, but Im not in support of that happening. I just prefer things as it is.
Generally speaking, Banks don't find Cryptos as investment. That's why they're against it, however, There's a much deeper reason to why they dislike it. Maybe Conflict of interest is a factor, who knows. Or maybe, They are not really against the cryptos itself but on the system. If crpytos are under centralized system then Banks won't have any issues with it.
How and where exactly did you guys get to learn that banks are afraid of Bitcoin? Lol this is funny. I dont think that banks are afraid of it. And by the way, JP Morgan has its own cryptocurrency and Im very sure thats for their own benefit, its now a business and every big institutions wants to create cryptocurrency of their own and attract more investors with it. All they are doing is business.