Hello traders. What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks cant control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
In my view bitcoin does not break the bankruptcy system, but it does provide options to make money in their business even better. Then if Bitcoin destroys the bankruptcy system, why other banks are adopting bitcoin's system, because other banks think bitcoin is a threat, if only they could see Bitcoin's design in blockchain technology I'm sure the bankruptcy system will improve.