Quote from: pishite on December 07, 2019, 05:07:43 AM

Banks do not want to leave and already want to switch from fiat currency to cryptocurrencies, but why should I give them my coins if I can store them in a cold or hardware wallet.
Moreover, nobody can take them from me.
And if the Banks cease to exist then I will lose my savings.

Banks are always looking to take advantage of the next trend in finance. Ever since Blockchain technology came into inception, Banks have shown an interest to adopt Bitcoin's underlying technology for their own benefit. We may not be able to see a "Bank of Crypto" in the future, but we'll definitely be able to see central bank digital currencies (CBDC) soon. Several countries like China, and France, have already announced that they'll be launching their own digital currencies based on Blockchain technology. This means that one way or another, crypto (government-backed, of course) will be adopted by worldwide Banks. They won't be going anywhere as long as they're able to live off fees from their customers. With the adoption of Blockchain technology, they'll be able to win more than they're willing to lose.

In the decentralized world of crypto, people will continue to use digital assets like Bitcoin and Ethereum their own way. Nowadays, there are methods to secure one's crypto funds such as Hardware Wallets, Paper Wallets, and even Multi-signature addresses. With this, an average person can become his/her own bank without the need for a middleman. In the future, the battle will be between the worlds of centralized finance and decentralized finance. With proper education about how crypto and Blockchain technology works, having a "Bank of Crypto" would be entirely unnecessary. But if we ever see a "Bank of Crypto", then people would be able to use crypto easily without the need to worry about hacks or theft. Just my opinion