This point you make is relevant , but alas when a "real" bank lets people open Cryptocurrency accounts , fiat will be long gone , its literally an admission of failure of the infrastructure of the fiat system .
I don't see that at all - you can buy gold an silver at major banks in China - is that not already an admission of failure in the infrastructure of the fiat system?
You can also have accounts in different currencies and you can link into stock trading via internet banking so it really isn't such a stretch to be able to have a BTC account (my prediction is that unless there is some sort of all out *attack* on Bitcoin we will see banks letting you set up BTC accounts within the next ten years).
CIYAM there is wisdom in these misunderstood statements , yes the answer is yes .
the point is basically the system has failed , who can pinpoint the actual moment ? That is an unanswerable question in the same way I can say where does the event horizon stop and this reality begin.
But I can tell you in this reality event , the financial world ended in 08 , as I said we are living in " opportunity land" .
So yes it failed , the Chinese probably understand that , good for them , and good on them for being ahead of the curve.
But here Is secret of the world for you , this monetary failure will lead to the general loss of confidence of debt based systems .
You see years ago I famously said " you can't un-known knowledge" .
In the same way you can't destroy information.