I guess they can't really beat Bitcoin.
Just saw on Reddit where
An old article states dated September 13,2017
"bitcoin is a fraud that will blow up, says JP Morgan Boss"
And now May 12,2020
"JP Morgan Extends Banking services to bitcoin exchanges"
Bitcoin was still new at the time, and they all thought that it was another type of a ponzi scheme and would be used to scam people. They all tried to stop many people from buying Bitcoin and now they have watched the same cryptocurrency grow from 2008 to now and still going hard. They are now the ones that are trying to look for means to be part of the movement. Even influencers that were hating on Bitcoin, some of them can’t come out openly to agree that bitcoin is not a scam. They are now investing in Bitcoin secretly. Funny set of people lol.
Now we all know they were just fudding to keep their business afloat against their perceived threat from Bitcoin.
That must be the power of bitcoins as it has proved its strength to its haters over the times. I guess this kind of trend will spread all over all the other concerns and individuals as well. This way I am expecting bitcoin to be a mainstream of payment system in real time soon. We may not banks to adopt bitcoin as people will start using bitcoins as their preferred banking system.