Why the commercial banks must hate bitcoin?

[electronicfactura]

Commercial banks hate Bitcoin because this will replace current financial system and offer more efficient and cost effective and faster transaction with more freedom.Banks use people's money from deposits to invest in other schemes to earn much more once Bitcoin goes mainstream there will not be only Bitcoin but also many digital currencies will put banking system in danger.

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[n2004al]

Commercial banks hate Bitcoin because this will replace current financial system and offer more efficient and cost effective and faster transaction with more freedom.Banks use people's money from deposits to invest in other schemes to earn much more once Bitcoin goes mainstream there will not be only Bitcoin but also many digital currencies will put banking system in danger.

Thanks for your comment.

My answer about your thoughts it will be almost the same with what it is written in my previous post. So, if you want, read my above posts and you will have my answer for your comment.

[RyanX]

Commercial banks hate Bitcoin because this will replace current financial system and offer more efficient and cost effective and faster transaction with more freedom.Banks use people's money from deposits to invest in other schemes to earn much more once Bitcoin goes mainstream there will not be only Bitcoin but also many digital currencies will put banking system in danger.

To banks bitcoin is an other currency. So I think banks will use bitcoin in the future if they can make more money.

[Hellacopter]

Commercial banks hate Bitcoin because this will replace current financial system and offer more efficient and cost effective and faster transaction with more freedom.Banks use people's money from deposits to invest in other schemes to earn much more once Bitcoin goes mainstream there will not be only Bitcoin but also many digital currencies will put banking system in danger.

I think this might be one reason , banks use the deposits to invest it and make profit, but they use only fiat currencies till now, they have doubts about bitcoin transactions and thought it's "virtual" enough to be risky

[Arcteryx]

Commercial banks hate Bitcoin because this will replace current financial system and offer more efficient and cost effective and faster transaction with more freedom.Banks use people's money from deposits to invest in other schemes to earn much more once Bitcoin goes mainstream there will not be only Bitcoin but also many digital currencies will put banking system in danger.

I think this might be one reason , banks use the deposits to invest it and make profit, but they use only fiat currencies till now, they have doubts about bitcoin transactions and thought it's "virtual" enough to be risky

This makes complete sense. The banks can not handle it's virtuosity so they just want to see it obliterated.
It sound's more like a war then economics.