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.
I don't think that bitcoin will likely ever kill the banking system. There may be countries like Venezuela who are moving to bitcoin as their primary currency, but other countries like the United States , China, Russia etc for example are no where even remotely close to doing something like this nor will they ever. I personally think bitcoin will work in conjunction with fiat currencies. Just my 2.