Can Bitcoin make Banks disappear?

[vadapally]

well considering that our world is ruled right now by the bankers , let s hope it is not the bank who will make bitcoin disappear lol

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[vicemi]

Banks will not disappear the same way fiat will not disappear; all these things have their merit in the real world.

[xiaopang11]

I think the bank will not disappear, the currency in the future may be legal tender, but the bank will not disappear, he will use another form of existence, might require Banks to help the currency in the future

[quocsi]

I do not think so. We can clearly see that bitcoin is not big enough to erase banks. Because the number of bitcoins is not sufficient for all users, its value is quite high and does not fit into the small cost. If bitcoin remove the bank a large amount of money will traditionally store where?

[Blocklock]

In my opinion, the current collapse of prices and the stagnation I think due to the previous period of rapid growth. During the year the bitcoin price will grow more than $ 30,000.
 

[regnidorhcs]

It is possible but it takes many years and decades to come up to make banks disappear because there is a lot of people deposits their saving and some government agencies produce money that is used in transactions.

[8Habits]

It is possible but it takes many years and decades to come up to make banks disappear because there is a lot of people deposits their saving and some government agencies produce money that is used in transactions.

Until there will be very high demand for cryptocurrencies, the government may finally adopt or create their own cryptocurrencies that are founded and transacted in blockchain technology. It is the people's demand and uses that will be the deciding factor in the future.

[luisowens]

if you look at the opinions of experts, Bitcoin has all the traits of staying and this means that Bitcoin will create a serious challenge for banks. It can be said that banks could disappear in the coming years, but one cannot be sure since governments are going to play their role as well.

[Tungsten-1]

No i dont think it can really. People that know about bitcoin in the world are not even a quarter of the worlds population

This is happening because of high crypto demand and high market value as price of simple money is less than bitcoin. banks are afraid of being flop now as people are showing good interest for bitcoin investment and not ready to trust banks and it is god because bitcoin is safer than several banks it is able to carry with you anywhere and no one will be able to use your bitcoin but banks can be robbed and it is not going to make you earn huge profit.

[tarvizlisar]

It can never happen as it will cause chaos. Bitcoin can not make banks disappear at all. Although bitcoin has alot of attributes as many as decentralized and fast transactions etc. One cannot say particularly that bitcoin could make banks disappear and totally dominate the banking sector as a results of closed banks. 

[JosephStalin]

I don't think so. If banks will disappear, it will happen because they crumble by themselves, being they based on nothing. Bitcoin has no way to jeopardize the banks' existence.

[darrly]

Government will always make a way if it will become underdog. Banks will never go away i think. They can integrate their system with cryptocurrencies or the government can ban it. People cannot rival government.

[CowboyKiller]

It is possible but it takes many years and decades to come up to make banks disappear because there is a lot of people deposits their saving and some government agencies produce money that is used in transactions.

Until there will be very high demand for cryptocurrencies, the government may finally adopt or create their own cryptocurrencies that are founded and transacted in blockchain technology. It is the people's demand and uses that will be the deciding factor in the future.

Cryptocurrency open the era for blockchain system and credit card will be old soon. For those who used blockchain technology, no one thing credit card is better than blockchain, because with blockchain, the world will be fresh and has not any issue about corruption.

[BountyX]

As far as I know Bitcoin has no magic powers yet, so it is very unlikely that it has any chances to make banks disappear. You'd better ask David Copperfield for that

[buhuchain]

Bitcoin can not make a bank disappear. A bank is where a country controls and regulates state finances. Bitcoin is a digital transaction and the state does not allow a digital transaction to replace a bank that can be controlled.

[xugzr272186]

Perhaps the trend is that Banks should support bitcoin development. After all, cryptocurrency has proved to be a cost-effective way of transferring money or sending money.

[kallen02]

I don't think banks will ever go away or dissapear.
They can evolve and make it to where you don't need physical money
But it will still be the same, you will still need a bank account

Well agree with you, it won't disappear people are always tend to rely on bank as their money storage for a long time and not just money storing also acknowledge the other services of bank like loans. Rather, we can edit the phrase "Bitcoin will disappear bank" to "All bank Adapt Bitcoin in any ways"

[thomas1980]

there are many people need to go to the banks and the banks have some benefits that bitcoins do not have  and will go for online trade in such scenario there will be use of such traditional banks and they will be disappear.

[nevermind321]

i do not think banks will disappear anytime soon. Bank will remain the crucial part in any societies.

[ronremsey25]

I think it will be possible if the conventional money will disappear and the world will prioritize digital currency. But since not all people today don't have the access or knowledge about cryptocurrencies like Bitcoin. It will be impossible out of this moment. But maybe in the future banks will also be part of cryptocurrency as they will be a third party in the transaction and will also serve as an offline exchange.