Banks will die crypto will take over in 5-10 years
Why ? They are starting to ask to many personal questions and monitoring people like they are criminals / terrorists etc ...even if they are not ...
Govs want to much control on people...the world is becoming very strange and it all started with 9/11 attacks ... to many coincidences
To many things happened in 2 decades :
Terrorists attacks / Wars on Terror / Arab spring / SARS / Climate Change / Covid / Global trade problems and so on ...
Before 2001 life was normal ...does how are older remember ... now they are not even hidding it / no longer in the shadows what they are trying to do ...
Is it just to take peoples freedom for the "greater good" ? Will people allow their freedom to be taken ?
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Here is a example of problem with banks : I have another girlfriend or a secret kid from another women that i am sending money to each month to support ... now some banks started to ask questions what are you doing with your money ... ? Why are you sending to x,y,z ...We each have our own problems in life...Questions banks started to ask are to personal.
I don't think this would happen, banks are very smart and they know the technique of adopting and Adapting, with DEFI Space booming so many banks would ultimately shift their operation to the DEFI, they might give up control to some extent but this thing would allow them to still make huge money, Moreover banks could come together as an consortium to pool these DEFI spaces in next 5 years, to be very honest 5-6 years is a very less time to bring everyone on the ecosystem, before that Banks would see the opportunity and hack into the Defi space, obviously this would also mean banks might have to stop spying on our transactions too.