Will banks go on extinction if they do not adopt cryptocurrencies?

[uneng]

Right now banks want to work as middleman between you and your crypto portfolio. They have already incorporated crypto to their services, although they don't allow you to have direct access to your funds, neither to cashout it from your banking account.

Banks must have a good reason to have adopted crypto. If it wasn't important, they wouldn't have become crypto adopters at first place, so it already gives us a good clue on how impacting and important cryptocurrencies are in your preset time.

Also, pay attention to the fact they want control, centralization, going on the exact opposite direction Bitcoin showed us, when it was firstly created. Banks' philosophy is: if you can't beat them, join them, so you can try controlling them for your own interests and benefits...

[Agbe]

Right now banks want to work as middleman between you and your crypto portfolio. They have already incorporated crypto to their services, although they don't allow you to have direct access to your funds, neither to cashout it from your banking account.

Banks must have a good reason to have adopted crypto. If it wasn't important, they wouldn't have become crypto adopters at first place, so it already gives us a good clue on how impacting and important cryptocurrencies are in your preset time.

Also, pay attention to the fact they want control, centralization, going on the exact opposite direction Bitcoin showed us, when it was firstly created. Banks' philosophy is: if you can't beat them, join them, so you can try controlling them for your own interests and benefits...

You're not far from the truth because what banks wants is control of your crypto assets because I can still remember that banks where advising people against investing in crypto currency so the sudden change in the attitude of banks towards crypto currency is making me me to suspect their main aim and just as you have suggested it can be over control of our crypto assets

[Lanatsa]

Right now banks want to work as middleman between you and your crypto portfolio. They have already incorporated crypto to their services, although they don't allow you to have direct access to your funds, neither to cashout it from your banking account.

Banks must have a good reason to have adopted crypto. If it wasn't important, they wouldn't have become crypto adopters at first place, so it already gives us a good clue on how impacting and important cryptocurrencies are in your preset time.

Also, pay attention to the fact they want control, centralization, going on the exact opposite direction Bitcoin showed us, when it was firstly created. Banks' philosophy is: if you can't beat them, join them, so you can try controlling them for your own interests and benefits...

You're not far from the truth because what banks wants is control of your crypto assets because I can still remember that banks where advising people against investing in crypto currency so the sudden change in the attitude of banks towards crypto currency is making me me to suspect their main aim and just as you have suggested it can be over control of our crypto assets

Those words has been bent out and taken back on which now they would be that wanting or liking for them to get involved or having that kind of considerable on dealing up with cryptocurrencies on which they've saw that they can make some serious profits with it if ever they would be adopting it specially now that government is already that too strict when it comes to crypto in compared into those previous years, then we can definitely say that they are trying out to embrace it out and its not that shocking that they will be that handling out on whatever that they can be able to possibly offer into those people who are holding up crypto. They wont want to miss out the potential profits that they can get and since banks are businesses too then its not a shocking thing that they would be diving in as long theyve seen themselves wont be facing up any issues in regarding regulation and other stuffs then they would be actually doing it. There's no way banks would go extinct yet these fellas has been long time existing.

Banks would never go instinct and as long government would be that existing then they would be always that too. They are heavily regulated and come to thing that these institutions are that also playing a big role when it comes to economic approach. Now in speaking about on trying out to deal up with crypto space then it would be that up to them whether they would be that trying out to make some engagement because anything will be basing up whether the government of the said country or area is that having that good approach towards crypto or not. If they do find out that they've been that located into a place on which that cryptocurrencies arent that being banned or prohibited then it would be no surprise that they will be trying out ot adopt it out and offer such service, but actually i dont see any sense for them to offer that.

[Cookdata]

] You're not far from the truth because what banks wants is control of your crypto assets because I can still remember that banks where advising people against investing in crypto currency so the sudden change in the attitude of banks towards crypto currency is making me me to suspect their main aim and just as you have suggested it can be over control of our crypto assets

Bank isn't entirely at fault, it's the people that were abusing the system. The staff, the customers contributed to all these problems. There was a time people were using Banks to launder money, it's not like it's not happening today, it's but the rate was peak that time and the government has to come with a solution to fix that by introducing KYC to centralized exchanges, they have to look for a solution to curb the illicit transaction through banks.

The banks staffs were using customer money to invest in shitcoins and when the things doesn't go as plan, they turned to debtors and customers were using bank to launder stolen money, this cause Banks to launch a media attack with all sort of things which is bad though but now, things are better than it was before because I don't think banks can do without crypto and crypto can't do without banks. The institutional investors can't be here without the banks.

[boyptc]

Also, pay attention to the fact they want control, centralization, going on the exact opposite direction Bitcoin showed us, when it was firstly created. Banks' philosophy is: if you can't beat them, join them, so you can try controlling them for your own interests and benefits...

That's the truth with them. And not only about beating and joining, but also wherever the money goes, you'd see them at firsthand.

So, if they have made themselves quite late on the adoption of crypto, we expect them to still come because it's a trillion dollar industry that they cannot just ignore.

You see the whales and sharks like JP Morgan, they're not just going to ignore that fact because this is the money of the world that we're talking here and they're touching.

[Alpen]

I agree with Trump's son, but I think banks will disappear for a different reason. They are being seriously challenged by crypto payment processing services. Banks simply can't compete with their lower fees and better quality of service.

Banks still have way more customers than people who use crypto as a payment. Still to many people are not aware and dont wish to learn about crypto. There will always be conservatives, who are for traditional value and will never switch to crypto. Imo banks will exist always. They appeared years before BCE, survived so many events in history and crises, that I doubt crypto would make it extinct.

Also an argument that crypto fees are lower and service is better is arguable. Those who have hundred thousands, paying few dollars as a card fee, have free inside country transactions and pay $10-20 for an international transaction (not sure if they even make many of them), "cost" less than bothering crypto account and buying crypto (that might lose value) that offer cheat transactions.

You're overlooking developing countries where banking services are non-existent. Cryptocurrency is already growing there, and traditional banks will probably never even show up. Plus, for people in those countries, crypto often looks more stable than their own national currencies.

We are witnessing a bottom-up financial revolution sparked by cryptocurrency. The White House's current actions to liberalize crypto legislation are not a choice—they are a forced measure, a consequence of this revolution. In fact, Trump is reportedly preparing a decree to punish U.S. banks for ignoring crypto.

[abhiseshakana]

That's the truth with them. And not only about beating and joining, but also wherever the money goes, you'd see them at firsthand.

So, if they have made themselves quite late on the adoption of crypto, we expect them to still come because it's a trillion dollar industry that they cannot just ignore.

You see the whales and sharks like JP Morgan, they're not just going to ignore that fact because this is the money of the world that we're talking here and they're touching.

Agree. In 2025, global wealth continues to be unevenly distributed, with a significant concentration in the hands of a few, while a large portion of the world's population holds a relatively small share. The top 10% globally hold the majority of wealth.
https://www.statista.com/chart/11857/the-global-pyramid-of-wealth/

An inverted economic pyramid, where the top 10% have the same wealth as the bottom 90%. The current global economic situation is characterized by a wide pyramid base that tapers in the middle and tapers towards the top, not like a pencil (pointed at the top, flat in the middle to the bottom). This is because the winners are already established; winners take all, and they use the state as a puppet, orchestrating and creating a system to ensure their wealth lasts.

Consolidated capitalist strategies use banks to enrich themselves and provide VIP access. Banks collect money from small to large savings accounts. The collected money is used to provide loans to those at the top of the pyramid (the wealthy business community), because only the wealthy can provide collateral for bank loans. The most deadly trap of capitalism is the debt trap through banks.

As long as the system remains the same, regardless of the tools used, nothing will change. The top community will do anything to maintain its dominance. Even during the 2008 monetary crisis, a surge in the wealth of the highest community in the world's economic pyramid was observed.

[boyptc]

That's the truth with them. And not only about beating and joining, but also wherever the money goes, you'd see them at firsthand.

So, if they have made themselves quite late on the adoption of crypto, we expect them to still come because it's a trillion dollar industry that they cannot just ignore.

You see the whales and sharks like JP Morgan, they're not just going to ignore that fact because this is the money of the world that we're talking here and they're touching.

Agree. In 2025, global wealth continues to be unevenly distributed, with a significant concentration in the hands of a few, while a large portion of the world's population holds a relatively small share. The top 10% globally hold the majority of wealth.
https://www.statista.com/chart/11857/the-global-pyramid-of-wealth/

An inverted economic pyramid, where the top 10% have the same wealth as the bottom 90%. The current global economic situation is characterized by a wide pyramid base that tapers in the middle and tapers towards the top, not like a pencil (pointed at the top, flat in the middle to the bottom). This is because the winners are already established; winners take all, and they use the state as a puppet, orchestrating and creating a system to ensure their wealth lasts.

Consolidated capitalist strategies use banks to enrich themselves and provide VIP access. Banks collect money from small to large savings accounts. The collected money is used to provide loans to those at the top of the pyramid (the wealthy business community), because only the wealthy can provide collateral for bank loans. The most deadly trap of capitalism is the debt trap through banks.

As long as the system remains the same, regardless of the tools used, nothing will change. The top community will do anything to maintain its dominance. Even during the 2008 monetary crisis, a surge in the wealth of the highest community in the world's economic pyramid was observed.

This is what the biggest players in the financial world always take advantage of the situation. The media will portray that many of them become bankrupt.

But that's not all with the reality, some of them are that don't survive. While the majority of them survives because that's how the system was designed for them.

To take advantage where the money is going. And the normies like me that have some deposits in the banks has nothing to worry about because they are not that much and these wealthy people using it to consolidate for more wealth generation.

[shinratensei_]

Right now banks want to work as middleman between you and your crypto portfolio. They have already incorporated crypto to their services, although they don't allow you to have direct access to your funds, neither to cashout it from your banking account.

The fact that most of exchanges accept debit card and bank transfer means your opinion is right on the spot.
Like it or not banks are already indirectly in the game. When people are doing crypto related transaction they always ended up using bank to convert to fiat.

Banks aren't going anywhere. If they incorporate crypto directly, that's good. If not then they will still be here.
Unless you go full crypto completely detached from any bank related transaction like using crypto directly anywhere.

[Abiky]

The fact that most of exchanges accept debit card and bank transfer means your opinion is right on the spot.
Like it or not banks are already indirectly in the game. When people are doing crypto related transaction they always ended up using bank to convert to fiat.

Banks aren't going anywhere. If they incorporate crypto directly, that's good. If not then they will still be here.
Unless you go full crypto completely detached from any bank related transaction like using crypto directly anywhere.

And that's the exact reason why crypto (especially Bitcoin) will be unable to fulfill its original purpose. Relying on middlemen (in this case, centralized payment processors) to use "crypto-backed" credit/debit cards would only make banks bigger and stronger than ever. Something Satoshi meant to avoid in the first place. Crypto is all about being your own bank.

Unfortunately, greed has led us to a point where we put convenience above all else. Which is why, decentralization is of the least priority in the crypto industry. With "Wall Street" in the game, things will only get worse. At this point, banks have already won. Wouldn't you agree?

[internetional]

If you look at it, the reason why people prefer to stick to the banking system is that it seems safe and they can be held accountable in case something happens to their funds

I have tried to hold banks accountable in three countries: Russia, Belarus, and Georgia.

In Russia, the bank unilaterally withdrew a fairly large sum from my account without notifying me and deliberately concealed this for a long time, repeatedly refusing to provide me with an account statement under various pretexts. After two years of attempts, I managed to get my money back - but the bank was never held accountable.

In Belarus, the bank blocked my wife’s account, claiming that during a certain period it had been topped up using other people’s cards without the consent of the cardholders. The bank allegedly received this information from the issuers of those cards. Since during that period my wife’s account had been topped up only from my own cards, and I have never stated to anyone that I objected to these transactions, I could easily prove that the bank was withholding my wife’s money by means of fraud. However, the National Bank found nothing illegal in this.

In Georgia, the bank blocked my account with funds in it. I appealed to the National Bank and the Prosecutor’s Office and discovered that the bank had done this at the request of the police. The request had not been authorized by a court or the Prosecutor’s Office, yet the bank carried it out in violation of existing regulations. My money was returned, but when I consulted a lawyer about holding the bank accountable, he explained that while I could certainly prove in court that the bank was wrong, I would spend a great deal of time and money doing so - and receive no compensation whatsoever.

So no: banks are not safe, and you cannot hold them accountable.