What do you all mean? How far has the influence of banks and funds already progressed?
Banking is already white business and no one can do anything about that in long run. They are the sole symbol of traditional finance management and their out reach is a way lot than the crypto if you compare with it! Banks are having physical presence which means that they influence the whole society in the physical manner or more or less with all the personal contacts and presence. This creates a good impression on the investor whether that is individual or an entrepreneur.
How much does the well-known banking system affect our community?
I would say it affects upto the personal feelings! Tell me you don't like your bank? You would probably be confused but you will say no. The reason is simple, it is providing us best available services that any financial institute can provide us (say crypto), and it is giving you 24X7 live support to solve any issue you raise. Who will do that in the crypto ?
It engages with the people socially and personally and thats why people love it the easy way.
IMF, rating agencies, funds, hedge funds, governments, bank lobbies, individual banks.
On the one hand, more and more institutions are mobilizing against bitcoin and crypto currencies. And on the other hand, they slowly turn out to be big players.
How far will that go? And does that have a positive or negative impact?
Yes it weighs a lot! Meaning, banking has opened up its door in all the possible ways which no crypto can really achieve and provide in the decentralised manner. The opposition of these banking system is only applicable as long as government is against crypto. If any government for specific country turns out positive then I believe all the financial institutes within the country will favour the crypto currency. So its all about the time and who is who!