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 governments will let Bitcoin replace traditional bank system. The thing is that authorities are used to control finances, but Bitcoin is uncontrolled, so they can't put up with it. If people use it without control from their side, they are likely to ban crypto so that people will not be able to withdraw money and as a result to buy anything.