Quote from: BitCoinDream on June 03, 2014, 08:21:57 PM

Quote from: cuddaloreappu on June 03, 2014, 03:47:14 PM

A nice report about future of bitcoin..

report also cites litecoin and dogecoin as very important currencies.

https://ir.citi.com/RZh%2B9GHcy3eQvegHG9vuU3r5%2FxkjXBMMfUnULRTyibawadNFQRrrFA%3D%3D

nice to watch a bank write good about bitcoin, the very thing which is going to make banks extinct in future.

Bitcoin is supposed to replace part of the banking system in future, i.e. predominantly online banking transactions. But the whole purpose of a bank is far more than this. Banks give u interest. Banks give money to businesses. Without an institutional way, u cant do it. Bank will probably adopt Bitcoin as a medium of exchange in future and that would branch out new banking activities as well as closing certain ones. But banks are gonna stay... for the GOOD

Banks will have their place for certain things, but bitcoin will hopefully cut into their monopoly.