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.
The fact is, this has not happened yet and actually I guess there are no serious reasons to think that bitcoin as a payment system will substitute the bank payment system. We must understand that the bank payment system is incredibly viable because it is made, controlled, managed and encouraged by the government and the most powerful persons in the world. I heard that some private persons possess FED (as shareholders) and there was much rumble around it several years ago where was concerned the us national debt and so on. Nevertheless I do not feel any suspenseful signals which make me think that the world bank system will be changed and reorganized in the nearest future.