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.
In my opinion banks and crypto currencies both have their important role ,
I personally consider bitcoins as investment , i would rather pay for things with fiat that with my assets , at the rate BTC is growing it would be like overpaying for every stuff we buy with them , so for daily activities and needs i would prefer paying from fiats , yes they have taxes in every transaction but agree or not taxes are very important source of income for any government to function and maintain the country.