It was a concern that many have thought that crypto will certainly be able to defeat the banks. But we're getting the picture blurry these days as these banks are also adopting to changes.
Well,
Satoshi's idea was to create
<...>an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party
This eliminates the idea of central banks, and all other banks, as they are third parties. Another thing is that with the development of the bitcoin industry, mainly centralised exchanges, which is where most retail investors buy their bitcoins, this idea seems like a nice utopia today, but we cannot see it as feasible.
So, to answer the question of the thread, yes and no. Bitcoin was conceived as the opposite, but this is not necessarily the case, as is unfortunately the case.