Bitcoin has no competition and therefore cannot compete against BTC, those who have made this a cliché are wrong, that BTC can eliminate banks, fiat money, gold, no, BTC is not for that, it is to give us the freedom that was taken away from us since the beginning of the corrupt global financial system that exists, it is the only way out, so BTC is authentic, it has no need to compete against Anything.
I have a stated this before that bitcoin can never eliminate the use of bank because bank is a centralized system that uses Fiat currency or a traditional currency in which nobody who is on Earth can depart not from using a traditional currency so provided that traditional currency is in existence bank will continue to be existing till further notice
Bitcoin we own one that it is a new currency that have not stayed up to 50 years after the introduction in 2009, so I believe that bitcoin still have a long way to go because of the challenges that bitcoin is having based on government of different countries, so since it has a lot To Go, that is why I come in my home conclusion that bitcoin is not against Fiat currency and the Fiat currency is not against Bitcoin so there's no way bitcoin can take over bank that deals with the Fiat currency and which the currency is centralized one, whereas bitcoin is a decentralized currency which has more dominated half of the countries