About the rise of crypto, which has long been a topic of discourse and discussion among the public, has become very viral now so that some people think that the rise of crypto could be a serious threat to traditional banks at this time. But what I see in my place is that there are still many traditional banks that are still living as usual even though crypto development continues with more and more users every day.
This means that the impact on traditional banks is only about customers who are starting to be reluctant to keep money in their own bank accounts for a long time. Because they prefer to store it in the crypto space so that it can be more easily used when the owner wants to do something that can make it profitable. Whether it's through the market or through crypto projects that can promise more profits.
The truth of the fact is that Bitcoin didn't come to eradicate the traditional banking system, but Bitcoin came to amend it, by granting freedom to private individuals and grant value to our funds invested after a long period of time. Because for Bitcoin to be fully functional both in countries where it is a legal tender and in others where it is not, the only way to access buying & selling can only be through p2p done on a traditional banking system, hereby making the role of traditional banks very important in the adoption of Bitcoin in areas where it's not fully recognize.