Banks “probably” won’t completely disappear even if they don’t adopt cryptocurrencies because they still have several advantages that can help them continue to exist and operate as usual. Just as crypto assets have trust and reputation, banks also have it from consumers so that banks can retain their customers. Moreover, banks are governed by strict regulations and always receive support from the government, so they can offer financial services that make consumers feel safe and comfortable.

However, on the other hand, banks also need to adapt to changes in the financial system and consider adopting cryptocurrencies and blockchain technology to remain competitive in the financial market. Banks also need to learn from the case of Nokia, which lost its position as the global mobile phone market leader due to its failure to adapt to changes in technology and consumer preferences. In my opinion, banks should collaborate with cryptocurrencies to maintain their existence and increase trust. If this assumption is true, then both parties will benefit.