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 can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
The problem you give. I think many people probably know. Those are two completely different forms of how it works. Bitcoin cannot kill banks. Because banks are protected by the government, whereas the Crypto market is still growing but is constrained by the degree of government influence on Bitcoin. Bitcoin is not stable thus government cannot use it as the governing currency of the nation.