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.
It is possible that Bitcoin kills Banking system in the long run as payment system as well as it can replace Fixed deposit of Banks as returns on Bitcoin investment in Bitcoin has been much much better. In the meanwhile I think both system will continue working in parallel as we still need fiat to convert our bitcoins into it and buy goods and services for our daily needs. Inflation in not bad in totality because it is good to stimulate economy and create jobs.