Does bitcoin pose a threat to banks?

[Shazxdx]

Its a thread to banks obviously. Look at the statements of all old rich men.

[david roman]

I think bitcoin pose as a threat to banks as a competitor in  investment, bitcoin gets the attention of some people to invest with, rather than banks, but it cannot replace the traditional banks.

[anisuzzaman99apu]

No. Bank does his work and Bitcoin do his work. No one compare each one. They are totally different.

[rhenz01]

yes it is while many of other people dont know about bitcoin but if they do they would really invest in bitcoin than time investment in banks, and the bank was triggered by the crypto because the money will not roll to them

Agree bitcoin is really a big treat to banks as it affects the number of investor because people who invested in crypto will buy directly bitcoin unlike before that mostly transactions will passed to banks.

[bololord]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

Bitcoin and other crypto are always be a threat to the banks because they think if people truly embrace this new kind of technology the possible outcome people will switch to crytpo than using traditional way which we are saving our money to the bank. But for me bank will not disappear even if bitcoin recognize as one of the global currencies because not all the people know the existence of it.

[Giftedcrypt]

I think bitcoin is not really a threat to the banks, all they need to do is ask how they can be integrated into the blockchain technology,because a block chain project like hydro has what the banks posibly need.. So it's not actually a threat to the banks

[jaocoincrypto18]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

Bank will not disappear as the fiat will not be obsolete too because Bitcoin as a currency for now is not a user friendly specially to the poor in which mostly will never know how to use it unlike fiat that even children can use it instantly so as long as money will exist in this world then the banks will going to exist too. If ever the money will be supersede by Bitcoin then i think the banks will easily to shift from fiat currency banking to Bitcoin currency banking because the banks are already used to digital transactions so for me Bitcoin is not a threat to the banks.

[fritzwalter195]

yes unless banks find a smart way to cooperate.

[Sir Legend]

Bitcoin is always a threat to the payment system including banks, this is because with bitcoin then everyone can control the money and function the same as the banks so people will not go to the banks and this certainly makes the banks lonely.

[Anjing Lu]

I think anything that does not happen then there will be no problems with banks, almost all countries protect banks and even many banks owned by the state so that the position of banks will never be threatened.

[harbin55]

Actually theres a possibility that bitcoin is a threat to banks because if the demand of bitcoin is getting better and better and have a lots of user of it or investors this will be affect the performance of the bank because of this  sudden change in demands of their own customers or investors.

[cr7]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

Banks do think that Bitcoin could pose a major threat to the Bank. As more and more Bitcoin recognizes the people who prefer to use Bitcoin instead of using the Bank. But even then I am sure that the bank will not disappear and stay on. It's just that banks will become the second after this digital currency.

Banks will not disappear, but will globally re-examine and change their infrastructure. For example, the implementation of blockchain technology, will destroy the fiat money and replace it with electronic currency.

[taxli]

Banks definetly see a strong and powerful competitor in the bitcoin since making transctions with it is somuch easier. And the more people shift to the use of bitcoin the less services banks can suggest to their customers. And that what makes them lose profit and try to find ways to prevent the bitcoin's development.

[faithofb]

Yes but i see banks too adopting the blockchain into their system in future

[saumang2m]

At this time, banks have no threat to Bitcoin.But banks may be inthreat in the future.Because more people are not aware of Bitcoin yet. But when people will know about Bitcoin that they can invest in Bitcoin. And the bank can earn more profit in Bitcoin. So people who invest in the bank can come down. Thereby threatening banks.

[panganib999]

Banks should not look at bitcoin as a threat because it could serves as an asset for them that they could used to develop their own system in transaction and investments. It could build a good connection on the both side that could make a good improvement on the system of banking associated with the blockchain system in transaction in the market of cryptocurrency.

[chibimanau]

I think that will not happen, the disappearance of the bank. In my opinion, if Bitcoin develops strongly, banks are still intermediaries. Loans and investments require a bank, and paper money can not go away. They will change to adapt to it.

[yourEvil]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

no, the banks will not disappear, just as the bitcoin will not disappear, it's all nonsense

[pallang]

Bitcoin will not eliminate banks they will stay because people need banks in their daily transactions and banks also plays an important roles in business world and also to people who wants to save for their future.

[oi pantura]

Such conflicts must be faced. For example, in China, Bitcoin has seriously affected the country's financial order and has made it difficult to trace the difficulty of regulation of banks and some payment activities. Therefore, China completely forbids the transaction of bitcoin in its own country and the prohibition of bit Currency and legal currency their own currency exchange