Bitcoin began as the enemy of the banks, a new tool to bring traditional finance to a halt. However, as the cryptocurrency permeated the mainstream, it has become clear that the path for Bitcoin adoption is through financial regulation. But, does that mean that this decentralized digital asset can become the savior of the banks?
I don't think Bitcoin adoption can save ailing banks because we have to understand that whatever happened to these banks like having financial problems was the result of poor decision making, mismanagement, internal fraud, etc., which clearly shows that crypto adoption alone won't solve these issues in the banking industry. Imho.