Quote from: apilpirman17 on September 08, 2023, 07:13:51 AM

In short, the answer is no. Banks and crypto are not opposites, but they have different purposes and ways of working. Banks are traditional financial institutions that provide services such as savings, loans, and money transfers. Crypto is a digital currency that uses blockchain technology.

There are some potential conflicts between banks and crypto. For example, banks are concerned that crypto could reduce the use of fiat currency and reduce their revenue from services such as credit cards and loans. Additionally, banks are concerned that crypto could be used for illegal activities such as money laundering and terrorist financing.

However, there is also potential for collaboration between banks and crypto. For example, banks can use crypto to improve efficiency and reduce costs. Additionally, banks can use crypto to provide new services to customers, such as loans based on crypto assets.

Here are some examples of potential conflict and collaboration between banks and crypto:

Conflict:

Banks are concerned that crypto could reduce the use of fiat currency and reduce their revenue from services such as credit cards and loans.
Banks are concerned that crypto could be used for illegal activities such as money laundering and terrorist financing.

Collaboration:

Banks can use crypto to improve efficiency and reduce costs.
Banks can use crypto to provide new services to customers, such as loans based on crypto assets.
Ultimately, the future of the relationship between banks and crypto is uncertain. However, it is clear that both will continue to evolve and influence each other.

Additional thoughts:

It is important to note that the relationship between banks and crypto is still in its early stages. As both technologies continue to develop, it is likely that we will see new and innovative ways for them to work together

In my opinion, banks are under the control of every government, while when it comes to Bitcoin, it is not under the control of anyone, but it is an decentralize crypto currency. Therefore, most governments do not want Bitcoin to be introduced in their country. As far as banks are concerned, the majority of banks do not want crypto currency or Bitcoin to become legal in their country.

Many people still prefer to keep their assets in crypto currencies instead of banks. Since their assets may be at risk of devaluation in banks, they are likely to get good returns on crypto currencies, especially Bitcoin. If people invest more and more. Assets in crypto currencies or Bitcoin instead of banks, this will also have a huge impact on banks. However, banks have their importance and its importance cannot be denied. However, I don't think the relationship between banks and crypt currencies can be cordial, rather the situation between the two is more likely to remain tense, as both perceive each other's existence as a threat to themselves.