Can Bitcoin make Banks disappear?

[Pangia]

I don't think that Bitcoin can make banks disappear. Because in my country there are more to be educated about the internet let alone Bitcoin.
So am sure Banks won't disappear but Bitcoin is here to stay.

Actually it is possible that bitcoin could make the banks disappear, and Bitcoin Banks will be the one to replace it, but of course it would happen in the future and not now. If bitcoin would be declare as a currency which it could be accepted anywhere, anytime, in every places around the world, then this thing could really happen, well, I'm not that sure about it, it is just a thought since Japan already accepts bitcoin as a currency.

Japan started to accept bitcoin as a currency but does that made the banks from Japan disappear? No, banks there still exist and are performing as they were doing in the past so even if other countries make bitcoin as a legal currency the existence of banks will always be there.

[gracia0023]

I don't think that Bitcoin can make banks disappear. Because in my country there are more to be educated about the internet let alone Bitcoin.
So am sure Banks won't disappear but Bitcoin is here to stay.

Neither banks nor bitcoin will disappear in future as both are the long term players and banks has already proved its power since it exists since long time and it also has large number of users bitcoins is comparatively new but will gain more popularity and users as time passes by.

Both bitcoin and banks will coexist with each other. Due to the growing popularity of bitcoin, banks now will start to accept bitcoin in order for the two to help each other. Banks cannot make bitcoin disappear because it is decentralized in nature and the same way, bitcoin cannot make banks disappear because banks are supported by the government. Since they cannot make each other disappear, the good possible way to make the coexist is to help each other. This way, bitcoin will be as powerful as the banks nowadays.

[dadaas]

I don't think that Bitcoin can make banks disappear. Because in my country there are more to be educated about the internet let alone Bitcoin.
So am sure Banks won't disappear but Bitcoin is here to stay.

Neither banks nor bitcoin will disappear in future as both are the long term players and banks has already proved its power since it exists since long time and it also has large number of users bitcoins is comparatively new but will gain more popularity and users as time passes by.

Both bitcoin and banks will coexist with each other. Due to the growing popularity of bitcoin, banks now will start to accept bitcoin in order for the two to help each other. Banks cannot make bitcoin disappear because it is decentralized in nature and the same way, bitcoin cannot make banks disappear because banks are supported by the government. Since they cannot make each other disappear, the good possible way to make the coexist is to help each other. This way, bitcoin will be as powerful as the banks nowadays.

Banks may adopt blockchain technology in future but its very hard to believe that banks will shake hands with bitcoin in future as bitcoin is the toughest competitor for the banks so I don't think that banks will support bitcoins in future.

[duckydonald]

Bitcoin is not that powerful yet that it can make banks disappear which are the biggest financial institutions we have and also banks holds support from the Government so Government will never allow bitcoin to replace the banking system.

[batang_bitcoin]

Bitcoin is not that powerful yet that it can make banks disappear which are the biggest financial institutions we have and also banks holds support from the Government so Government will never allow bitcoin to replace the banking system.

It is not powerful then it can make the banks disappear? What are you trying to say? Let's say that bitcoin is not that powerful so it won't make the banks disappear. The government of a country is not going to agree if ever there's a threat of making the banks disappearing, because it is a very important body of a country.

[g83]

Bitcoin is not that powerful yet that it can make banks disappear which are the biggest financial institutions we have and also banks holds support from the Government so Government will never allow bitcoin to replace the banking system.

It is not powerful then it can make the banks disappear? What are you trying to say? Let's say that bitcoin is not that powerful so it won't make the banks disappear. The government of a country is not going to agree if ever there's a threat of making the banks disappearing, because it is a very important body of a country.

That's correct Government will never support bitcoins as it can be threat to their national currency and no Government will be interested in seeing that any digital currency replacing its major currency and if that happens then Government will loose all their control from the money.

[Omega Weapon]

Bankers may disappear and the banks,but the world banking will never ever disappear.Bitcoins has no match in banks in this days and even in the future.Banks are runned by government.There are still lot of things bitcoins must have pass to make banks disappear.Or bitcoins and banks may work together

It is the other way around governments are ran by banks that is why they get away with anything since they have bought every single politician and they cannot do anything against them since they are basically employees of the banks.

[BeGoods]

Bitcoin is not that powerful yet that it can make banks disappear which are the biggest financial institutions we have and also banks holds support from the Government so Government will never allow bitcoin to replace the banking system.

the government will never let it happen. governments have more power, they would prohibit bitcoin in the legislation and bitcoin will not be able to fight it

[President79]

Bitcoin is not that powerful yet that it can make banks disappear which are the biggest financial institutions we have and also banks holds support from the Government so Government will never allow bitcoin to replace the banking system.

the government will never let it happen. governments have more power, they would prohibit bitcoin in the legislation and bitcoin will not be able to fight it

For now yes, but I sure there is the possibility of the future will be to adopt a system of bitcoin, regulations and laws can be changed depending on the needs of citizens.

[erickkyut]

Bitcoin is not that powerful yet that it can make banks disappear which are the biggest financial institutions we have and also banks holds support from the Government so Government will never allow bitcoin to replace the banking system.

the government will never let it happen. governments have more power, they would prohibit bitcoin in the legislation and bitcoin will not be able to fight it

For now yes, but I sure there is the possibility of the future will be to adopt a system of bitcoin, regulations and laws can be changed depending on the needs of citizens.

I totally agree especially now that bitcoin is constantly increasing its value and becoming more and more popular worldwide. Bitcoin is said to be the future currency. If that happens, banks have no other choice but to adopt it.

[KennyR]

Bitcoin is not that powerful yet that it can make banks disappear which are the biggest financial institutions we have and also banks holds support from the Government so Government will never allow bitcoin to replace the banking system.

the government will never let it happen. governments have more power, they would prohibit bitcoin in the legislation and bitcoin will not be able to fight it

For now yes, but I sure there is the possibility of the future will be to adopt a system of bitcoin, regulations and laws can be changed depending on the needs of citizens.

Already regulatory plans were going on by the government that once opposed bitcoin. So governments will adopt it to experience the goodness as well banks function as a joint platform without getting replaced. This helps people choose the one that provides the convenience.

[sevendust777]

For me I dont think bitcoin makes bank disappear. Because here in my country other people doesnt know bitcoin well, so theres need to educate and introduce bitcoin properly. Thus, its not easy that banks will disappear and still banks will used though.

[Pattart]

For me I dont think bitcoin makes bank disappear. Because here in my country other people doesnt know bitcoin well, so theres need to educate and introduce bitcoin properly. Thus, its not easy that banks will disappear and still banks will used though.

even if everyone is already familiar with bitcoin though if the government does not permit or legalize bitcoin. then bitcoin could never beat bank

[PhucS]

I think the probability of this happening, Bitcoin can make banks disappear but it only accounts for a small percentage. This only happens when Bitcoin dominates the world currency, it is considered as an official currency worldwide and widely used without any restriction. But that has not happened yet, bitcoin is now growing, value is rising but it still has some limitations. Many people still do not know Bitcoin, they still need cash to use spend, daily transactions and banks are still needed for the people

[batang_bitcoin]

Bitcoin is not that powerful yet that it can make banks disappear which are the biggest financial institutions we have and also banks holds support from the Government so Government will never allow bitcoin to replace the banking system.

It is not powerful then it can make the banks disappear? What are you trying to say? Let's say that bitcoin is not that powerful so it won't make the banks disappear. The government of a country is not going to agree if ever there's a threat of making the banks disappearing, because it is a very important body of a country.

That's correct Government will never support bitcoins as it can be threat to their national currency and no Government will be interested in seeing that any digital currency replacing its major currency and if that happens then Government will loose all their control from the money.

Don't say that government will "never" support bitcoin, there will be some exceptions that there would be time that they are going to support. But when it comes to threat of the whole nation, they are not going to show mercy on bitcoin. And I really can't see a chance that bitcoin will ever have the chance to replace banks in the circulation.

[Vivace92]

Cannot, the bank is the official institution that full supported by the Government's, all done through the bank such as economic policy. bitcoin can't possibly eliminate and make the bank disappear even though used en masse.

[DoublerHunter]

Cannot, the bank is the official institution that full supported by the Government's, all done through the bank such as economic policy. bitcoin can't possibly eliminate and make the bank disappear even though used en masse.

That is the main reason why bitcoin can't make the banks disappear because banks are supported by the government and the government is one of the most powerful in the world who can manipulate and dictate something or someone else. Bitcoin can't make banks disappear but it can be an additional option for the banks in accepting payments like what some of the banks already did.

[Finestream]

Cannot, the bank is the official institution that full supported by the Government's, all done through the bank such as economic policy. bitcoin can't possibly eliminate and make the bank disappear even though used en masse.

That is the main reason why bitcoin can't make the banks disappear because banks are supported by the government and the government is one of the most powerful in the world who can manipulate and dictate something or someone else. Bitcoin can't make banks disappear but it can be an additional option for the banks in accepting payments like what some of the banks already did.

Well, at least we all know how powerful the government is, bitcoin is just a system and it will not be as powerful and popular like fiat.
Bank will only accept assets or fiat that is recognize by the government as legal, bitcoin is legal but it has different definition and it is just solely considered as a payment system. True that the demand will increase in the future due to the growing popularity but it cannot surpass fiat.

[citywise2]

Well i think bitcoin and bank has it's purposes .
All i am witnessed about bitcoin has a simple methods than the bank.
Like a transactions you will see that bitcoin have an easy way of transaction.
So if  i may say in time to come bitcoin will trunket the banks.

[whizter]

I don't think that Bitcoin can make banks disappear. Because in my country there are more to be educated about the internet let alone Bitcoin.
So am sure Banks won't disappear but Bitcoin is here to stay.

Neither banks nor bitcoin will disappear in future as both are the long term players and banks has already proved its power since it exists since long time and it also has large number of users bitcoins is comparatively new but will gain more popularity and users as time passes by.

Both bitcoin and banks will coexist with each other. Due to the growing popularity of bitcoin, banks now will start to accept bitcoin in order for the two to help each other. Banks cannot make bitcoin disappear because it is decentralized in nature and the same way, bitcoin cannot make banks disappear because banks are supported by the government. Since they cannot make each other disappear, the good possible way to make the coexist is to help each other. This way, bitcoin will be as powerful as the banks nowadays.

Banks may adopt blockchain technology in future but its very hard to believe that banks will shake hands with bitcoin in future as bitcoin is the toughest competitor for the banks so I don't think that banks will support bitcoins in future.

i think it will surely take some time but still we can expect that in future the banks have to adopt blockchain technology and they will either create their own coin or will accept bitcoin as legal currency.