Does the future of Bitcoin depend on how banks will position themselves against cryptocurrencies? Like many others, I do not like the fact that banks will come into a legal position to offer all these services and that in the end we have a paradoxical situation in which people use banks to buy and store cryptocurrencies in their custodial service. Maybe that makes sense with most centralized cryptocurrencies, but I would never trust a bank to be my crypto wallet, especially with Bitcoin.
I completely understand what you're saying, but if adoption is the goal, it's better to have Bitcoin within reach of more people. People using custodial services when it's completely unnecessary certainly is a cause of concern, but I feel like this is an easier problem to solve than lack of adoption. I see it as kind of like how people are much more aware of what to put and not to put on social media nowadays vs. a decade ago -- people are going to start talking about it, and at least a decent portion will listen.
I dislike that banks will be in a position of power in this scenario, but since it's always been open for use to
everyone, it's not like we can stop them if they want to get involved anyway. All we can really do is speak with our own wallets and encourage other people to do the same. Either way, I personally believe getting more people involved = better.