Some dude asked me if Bitcoin could eliminate local banks, I thought of it, l told him that no
Of course it can't eliminate local banks, sane people will know that.
Currently everyone in the world is still doing bitcoin exchanged with fiat, you haven't been exchanged with bitcoin, I mean Fiat is still a local currency to spend, Bitcoin is not yet efficient to spend, you use Bitcoin exchanged into Fiat.
While the bank manages Fiat money, so bitcoin is still classified as a digital currency that is exchanged with Fiat, almost the same as gold, you exchange gold to Fiat through the bank, you cannot spend gold with gold in terms of goods such Buy vegetables, meat and so on, the same as bitcoin, so local banks side by side with bitcoin need each other bitcoin need a local bank and vice versa, two things are interrelated no one is eliminating each other, just like day and night.