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.
Well it can't kill it. It should already have killed it long time ago since its creation. Having a money wherein no one knows how much you hold is really good to have. Banks tends to use your money for processing transaction and I don't think that's a good thing in my opinion. Your investment in your savings won't even grow a single quarter within a week which sucks sometimes unlike BTC wherein you never know where your money's value will go in next week or two plus no one's in charge of its security except you.