If that is so, then we'll have a very bad first half. The fact that exchangers as of the moment are still in its infancy stage evident in its high transaction fees is enough proof to claim that we still aren't ready. Those who have money in the banks to secure their future will be forced to learn more about crypto, saturating the industry even more as they will inevitably join in order to profit.
In my opinion there will never be crypto exchanges replacing banks, the first reason the government will not allow that to happen.
The second reason crypto exchanges have weaker security systems than banks is that it is often the case that crypto exchanges
are hacked. It makes people feel more secure and comfortable keeping money in a bank than keeping it on crypto exchanges.
So banks are still needed, I think crypto exchanges should be used for trading only.
Exactly. And this change may not see a big adoption, it may even cause a decline on both ends as there are srill a huge majority of people that don't know how to play with cryptocurrency numbers.