The son of Donald Trump, Eric Trump, also the executive vice of the Trump Organization said banks can extinct in 10 years if they do not watch what is coming. I think what he meant is that if banks do not support cryptocurrencies.
He said modern financial system is broken. It is slow. It is expensive. There is nothing on the blockchain that can't be done better than the current financial institutions is working. Banks not working during weekends also not working more than 8am to 4pm which can be a disadvantage to those that is not able to pay money early before 4pm on Friday.
Well he's the son of Trump, a family that says lots of things.
I don't see the banks going extinct anytime soon especially with their desire to keep up with current world changes.
They should realise that Bitcoin is an alternative not a replacement to the current system
The banks still have their use to assist the government in pushing it's monetary policy.