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As trust in traditional financial systems wanes, blockchain-based cryptocurrencies emerge as a viable alternative, underpinned by principles of decentralization, transparency, and immutability. Privacy, a fundamental human right, is at the core of this transformation, solidifying the potential of cryptocurrencies to reshape our financial landscape.
From the past until now, the banking system has never experienced major changes. The system implemented does contain rules that are a little less good and can even be detrimental to the customers themselves. So it is natural that in the future the banking system will experience a slight decline in popularity and little by little it will be replaced by cryptocurrencies, especially bitcoin. Because Bitcoin does have a very good system and can be said to be very different from the current banking system. However, I believe it will be difficult to replace or replace the current banking system with a bitcoin system. Because as we know, the banking system has been around for a long time. Apart from that, sometimes in a country the banking system is also managed by the government, which of course will be more difficult to overthrow.
Then apart from that there are deeper facts, such as currently almost the majority of people on this earth use and need the banking system to save their money or send money. So with this fact it will definitely take a very long time until the banking system collapses and is replaced by the bitcoin system.
Because currently, even though bitcoin users have experienced a significant increase, if we talk about a larger scale comparison with bank users, it is certain that banks are superior. So in conclusion, the opinion you explained could indeed happen, but if it really happened it would definitely take a very long time for it to happen.