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
The thought of Bitcoin replacing banks is not even something that can be done because they exist in two different worlds. Bitcoin is a Cryptocurrency or Digital Currency while Banks exist in the Physical World with Digital Interfaces. Bitcoin can somehow replace banks IF its recognized Internationally. Bitcoin can create its own bank but I still do not think that it can replace the banks that we have now, maybe if we give it time and the effort to research and be knowledgeable about Cryptocurrencies, we can create a physical bank for them.