Exactly, banking is in fact the most important part of the financial system in the world. We have a world bank where different countries borrow money. Basically, the banking system is very essential and important to all people and different sectors. That's why I don't understand many people who are in crypto or bitcoin. Why are they thinking that banking will be replaced by bitcoin? I'm not against bitcoin or the adaptation of bitcoin; in fact, I want bitcoin to be mainstream and openly used in different countries, but the idea of bitcoin replacing all things, such as banking, is, I think, not a good idea. We all have what we have now in society because of the past systems, and banking is one of them. If you are to replace this system, then there will be a very huge adjustment, and we will never be sure if the transition will be successful. Just treat bitcoin as a unique system to be implemented, not to replace something.
The main mistake of human is that if one thing become successful then they start to make comparison of that thing with others and assume that it will become so successful that it will hide the success of all other fields. But I think that every fields and every sector has its own value which cannot be deteriorates with the invention of more powerful technology.
Bitcoin is a successful assets and we have understood this fact but banking system is accepted by all individuals all over the world even those people are using banking system which are expert in bitcoin investment so I will say that instead of being unique technology and having the ability to give huge profit to its holders bitcoin still cannot replace banking system.