Can Bitcoin make Banks disappear?

[Carcoins]

No. But bank can apply bitcoin or blockchain technology to decrease fee and make transaction more transparent.
It's better , but in fact, some are try to against BTC, bank can die if they aren't change.

[vibingpositively]

I think that statement by the experts is accurate and if not could be accurate come the future. We all think that bitcoin will stick around longer than a few years longer than a fad would because we think it is golden. However

banks arent looked at in such a positive light nor should they be. I think banks will serve only as an intermediary between BTC and fiat come 10 years from now and their role beyond that will be minimized. They may still do

some traditional investments but I expect that number to be decreasing as the years go on and on.

[nankers]

This question is same like can bitcoin make real money disappear...i think bitcoin can not make bank for real money disappear cause as we know bitcoin just digital currency.and it makes just a little bit people to know and using bitcoin to transaction.but i dont know in the future.maybe in the future More and more people are using bitcoin to make the bank for real money disappear

[JL421]

it can with the banks interest reducing and is currently at all time low im sure its not far we see bitcoin replacing banks and being the most profitable source of storing your funds , with added security

[rachelchungg]

I don't think fully. They will coexist, but as long as we have our governments and the current laws, banks will be here. Ruling the fiat currency. 

[cheesyspoils]

It can be happen if eveyone all around the world start to using Bitcoin. For using Bitcoin wallet everyone should have a mobile phone. As we all know now a day mostly peoples have mobile phone and everyone start doing small to big transactions by Bitcoin. So it can be possible that Bitcoin can make banks disappear.

[Owl129]

I think it will not make banks disappear because people will always look for loans and where to keep their money. Some people invest in bitcoin and at the same time invest in some business so bitcoin is only its alternative and still needed banks.

[AgentZero23]

Banks will not dissappear. Instead it will coexist with bitcoin.

[cipher-x_09]

I don't think so other small have a chance to be overtaken by their co-banks and bitcoins and other cryptocurrencies to be shutdown by the foremention but as far the other big co mmercial banks I don't think so because they are part of the daily necessities of all business because as we all know business needs cash and they can acquire that through banks loans they can't just rely on funds from the internet we can't hide the fact that money exchange are not accepting bitcoin so if that would happened not just many would be jobless but a lot of businesses are in danger.

[FairChine]

I do not think that Bitcoin can make banks disappear, at least in our nearest futureBitcoin is just released and produced because couple of years back but still requiring much more assistance and advertise globally

[Minionnn]

the banks will not disappear. Although bitcoin has many benefits, there are many people need to go to the banks and the banks have some benefits that bitcoins do not have.

[Bambinoe]

Bitcoin can't make banks disappear because its not accepted by every government and secondly physical cash is needed in making some petty transactions.

[Cacaparg]

To my mind bank will not disappiar. I think bank will make colaboration with blockchain and become a part of this global system.

[Smith871]

yes it seems though that the world is trending towards decentralized digital currency so, no doubt in near future the people will stop in investing in banks and will go for online trade in such scenario there will be use of such traditional banks and they will be disappear.

[danggoron]

Bitcoin can't make banks disappear because its not accepted by every government and secondly physical cash is needed in making some petty transactions.

true, i'm very sure even though bitcoin is capable of being a popular transaction tool, the bank will still exist. however, we still need banks to convert from conventional to digital currency.

[Paycoinzzz]

Banking institutions will be on top and that might be the primary option of the people, many people will start utilizing bitcoin, but as another one, as banks are also important for transactions.

Actually, the world need to have a leader and the international banking, the government with national banking system are the people, the force help us manage the world.
However, when the world become the era of digital, smart people, no one trust others.

[Naoko]

The roots of the local banks are very strong but the bitcoin currency is being very famous now and the users of the bitcoin are also increasing but I hope soon banks will accept bitcoin but for this the most important step is to make bitcoin legalize

[Coral27]

Bitcoin can not make banks to disappear, it will only make the banks to diversify. The banking sector have been in existence for many years now, their operations are not only approved by the Government but also approved by the members of the body. The banks have a regulating body called the central banks, so the banks have already gotten a solid foundation so talking of disappearing as  a result of an Emerging Bitcoin which though is gaining ground in many counties of the world, but yet to be accepted in some countries,even when accepted by all the countries, bank may key into the Bitcoin Business as well.

Yes both have their own importance. You cannot compare two neither can deny one’s importance. Both are good in their own way, still many people prefer banks because they feel more safe on that side and some are getting into crypto so to earn more. Anyhow bitcoin cannot make banks disappear but can give a tough competition to it.

I think its possible for bitcoin because in short time bitcoin have done a lot of things which was not possible like bitcoin replace other crypto from market and its price is high on any currency it also reduce un employment in many countries so I think it’s not a big deal for bitcoin to disappear banks but I think bitcoin need little time more.

[oaz7t]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

The value of a bitcoin is trading @ $7600+ currently and its going to increase day by day; Also the numbers of bitcoin generation has a limit set already. So the currency that needs to flow in the local markets of the nations will require the banks to be in place.

Off course bitcoins/cryptos are going to hamper the international banking business but banks can not disappear.

[akmittal]

Bitcoin may not make bank disappear. this is not an easy task because banks handles the government approved currencies and Bitcoin have no control of any government.