They are of the point of view that since internet cannot replace the newspapers, the same is true with the banks. Being a crypto lover, i would love to see banks eliminated but does these big people with so much money will let that happen
In my opinion, the global financial system is so structured and managed that it cannot be replaced. Banks and the people / governments behind them simply cannot afford to give the power and control they have by running banking institutions to freely and transparently managed systems such as cryptocurrencies.