So what I'm ultimately getting out here, is that crypto currency can't go in line with banks. What are your thoughts towards this?
Forget all these stories, banks can never like Bitcoin and cryptocurrencies for some reasons:
Banks are centralized system that monitors people’s wealth and keep their wealth in their custody for long and give directions on how to withdraw them when you need them; while Bitcoin is decentralized and it is an open system in the blockchain where everyone can track any transaction and it also gives financial freedom where you will not depend on anyone to withdraw their money.
Banks wants to use our money for their investment while holding Bitcoin in a decentralized wallet will give you freedom and you will be your own bank and control your wealth yourself.