My question to us right now do you think Bitcoin will eventually erase the commercial banking sector???
No never, this can never happened because bitcoin is not created as a competitor to fiat rather as a supporter to help facilitate transactions, I don't think anything in this world could over take financial system as i know this system has been existing for decades nothing has ever taken its place till date. Not even bitcoin could take it's place, bitcoin is create to relief mankind from stress of going through hard payment system by staying at home and make a quick transfer without the need visiting banks if your funds are already in digital currencies.
I don't understand why people are asking such question. Why not be grateful that bitcoin has reached this popularity in the financial market? And that is true, bitcoin is not here to wipe out whatever the financial sector has but an additional option to consumers to
Because they don't understand anything about bitcoin and they have never read any documents about bitcoin, including the bitcoin's whitepaper. Or they are so crazy about bitcoin that they know they are spreading wrong things but still try to spread it because of their crazy.
The funny thing is that in the past there were many people who were skeptical about the future of bitcoin, but just as bitcoin gradually became more popular, bitcoin also gradually became more valuable. They started dreaming that bitcoin could replace the banking system, bitcoin would bring freedom or heal all the world's wounds...there was so much unnecessary hype surrounding bitcoin.