The end of the banks due to bitcoin

[senin]

Bitcoin can not lead to the destruction of banks. Any government will always need banks, since they serve the government in various matters requiring financial support. The development of the crypto currency will greatly push the circulation of ordinary money and select a portion of customers from banks that will incur significant losses, but banks are already restructuring to the needs of the crypto currency and will find a niche in this activity with a profit for themselves. Since banks serve any government, if there is a conflict of interest between banks and the crypto currency, governments will always side with banks and limit the circulation of the crypto currency.

[Meysa_richa]

For the life of this world, although bitcoin will not be able to end the bank, the bank is in great demand in the world community as a saving or channeling tool, and if bitcoins and banks go along I believe it could be better.

[dificanovi]

I do not think bitcoin will end the bank because the bank companies will not stay idle in everything that is detrimental to them. in the future maybe banks will cooperate with bitcoin, this will benefit also to the bank company.

[Tatzky]

Nope! we need banks for us to withdraw our money and to convert our own fiat into digital money for us to buy crypto token and coins, don't you think? and we need banks if we want to convert our token into fiats when we need money to buy the thing that can't be purchased by token and coins.

[Rozita]

Nope! we need banks for us to withdraw our money and to convert our own fiat into digital money for us to buy crypto token and coins, don't you think? and we need banks if we want to convert our token into fiats when we need money to buy the thing that can't be purchased by token and coins.

Seems that you have not understood what the OP is saying. OP means that banks might ends. And this means that, there will no longer be any fiat. So there is no need to convert bitcoin to fiat.

[tabas]

I do not think bitcoin will end the bank

It will pull a lot of bank depositors but it won't stop the banking business to stop.

in the future maybe banks will cooperate with bitcoin,

This is very possible to happen that bank will  start accepting bitcoin.

this will benefit also to the bank company.

And also us.

[kotajikikox]

It can be a possibility

i still strongly supported for bitcoin as decntralized currency to become world currency, but today i really admit fiat money is thge most popular currency use in the worldwide, we should know bankers hate bitcoin because their insecurity priblem, for my opinion and analysis if bitcoin and fiat currency adopt as combination currency, because bitcoin convertible into fiat and fiat can use to buy bitcoin or vice versa, i think on that idea's combination of two currency running in the status of both currency become very strong.

[xuan87]

No it won't end any banks, bank is the center of the economic, it's the place where the government balance the country's economic, bank is needed to stabilize the economic situation, if the Bitcoin jeopardize the bank then the government will shutdown Bitcoin, bank will stay exist forever

[Mickznet]

It is not possible for banks to close because of bitcoin. Before that happens, the bank will make a way to integrate bitcoin into transaction or other capabilities to integrate the  cryptocurrency in their  banking system.

[Tiktik]

It can be a possibility

From your caption the end of bank due to bitcoin, well it bitcoin will not end bank. Having savings in the bank is a good option to those people who cannot adopt to what we called a virtual wallet. As many people using bitcoin, the bank will think ways to adopt to the new trend so they will not put aside. Banking system will just upgraded but definitely will not end.

[serizawax]

I think people who think bitcoin can shift a bank is a madman, just imagine, people will use bitcoin as a tool of exchange, and while bitcoin is a fluctuating currency, rising and falling prices are very unreasonable, and this could endanger the economy society and even country.

[yepaiyique2]

No matter how prosperous BTC is, Banks will always exist!

Bitcoin is just an impact on some of the Banks' businesses, and bitcoin users can handle many daily payments on their own, without interacting with the bank and avoiding the bank's fees!

[GoldenLad]

A big NO to this. In as much as we love to have bitcoin and wish it will circulate, the bank will still exist. No government of any country will ever allow their citizen to fully make use of bitcoin and abandon the bank. The government will feel they are giving a free hand for criminal and illegal spending in their state. Through the bank; illegal activities and monetary expenditures of most citizens are been monitored.

[vintages]

OP, do you understand what you mean? If the bank stops to exist, the there will be no fiat and no fiat means no country currency. This will never happen. How can a country exist without a currency of her own? Every country needs their currency as a symbolization. Even though we might dislike it, a country still needs the bank. Most crypto investors might not like this since they won't be getting rich turning their bitcoin to fiat.

[Switchern]

But this is hard to happen and be a possibility, people in this world are in need of the bank, and it is difficult to pass from the world of banks.

[CryptoJoshua]

For that to happen, we would need to bring Bitcoin and other cryptocurrencies to world adoption. But even after that happens, some people would prefer to hold money in the bank rather than depending on the market. 

[nhoj25]

It can be a possibility

It's impossibe! Banks are vital institutions in any society as they significantly contribute to the development of an economy through facilitation of business. Banks also facilitate the development of saving plans and are instruments of the government’s monetary strategy among others.  Banks are possibly afraid but to Bitcoin impact in the society. Why are bankers afraid of Bitcoin’s impact? Because it will lead to ripples across the financial sector, it will create new winners and losers, and it will likely decentralize banking services and create micro markets to an extent not seen since the advances of the barter economy and the market economy combined.

[btcCoincart]

No never hahahaha

[burdagol12345]

It can be a possibility

Actually this statement will become possible that all banks will ends its services of doing bussiness to each every country if cryptocurrency will become legit or legalize to operate entire world,because in my own though its hard to competent in bank in terms of bussiness and services,because banks have a strong foundation in terms of economics services and  facilating the need of every depositor.the only things possible for me that cryptocurrency and banks are become united someday to serve the needs of every investor,and collaborate there strategy on how to make the  economic growth rapidly.

[mu_enrico]

It can be a possibility

Banks will not end because of bitcoin, since there are so many bank operations other than store and transfer money
Economy still need lending and funding operations by banks