Will Banks Disappear??!!
Come hear my take on Banks vs Crypto and where I think we are headed to in the future!
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I hope they will disappear !
These big banks have a lot of money, I fear they won't just go away without fighting, they will try to suppress the price of cryptocurrencies as much as they can and obviously spread FUD so that people lose their interest in this market and not bother much with it.
Hi Mikel !
I really hope you are right and all those banks will die. I did never like them and now even charging for every single service it is just ridiculous.
Thanks for your amazing videos.
Great vid as always! Love hearing your thoughts, so interesting and gets me really thinking about what could come in the future. It's pretty exciting to be honest! Haha
Very true, thanks for sharing @boxmining.
The process of drastic downsizing of banks will speed up as the old generation (which doesn't understand/trust crypto) is replaced by the newer generation that generally knows more about crypto.
I think most people who think bitcoin is a scam don't understand how the current banking system works. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. I believe that if the people fully understood what Congress has done to them over the last 50 years, they would move on Washington, they would not wait for an election, there would be a revolution....Bitcoin saved my life. Banks have made my life a misery for the past year. Bitcoin and ETH has never failed me. It's not about the price, it's about trust.
Great video and interesting food for thought. This thinking is definitely futuristic! I think banks will still be around for many years to come, but as crypto starts to catch on, they will start to feel the pressure and either adapt or be left behind. But at this point, crypto is still way too wild-west and volatile. But someday Michael, someday! :)
it will not be inhibited. unless it works together, that means the bank and crypto accept and recognize each other. here will appear a new question: whether the crypto will be under the bank, or vice versa. Currently, the bank is the parent of all currencies. is likely to someday change with crypto. this is just an assumption, do not be too sure first.
.there is no rose without thorns. i understand like that. including talking about crypto vs. banks. I judge that crypto is like a good guest coming to the bank. Crypto itself participated in building banks. but still guests. it is impossible to intervene bank. banks are also reluctant to respond to exaggerated crypto.
I am strongly agree with you bank is old version and now crypto is new one and its is necessory for us to aware our generation about crypto its only our feature and every one accept it. Some of the limitations that cryptocurrencies presently face – such as the fact that one’s digital fortune can be erased by a computer crash, or that a virtual vault may be ransacked by a hacker – may be overcome in time through technological advances. What will be harder to surmount is the basic paradox that bedevils cryptocurrencies – the more popular they become, the more regulation and government scrutiny they are likely to attract, which erodes the fundamental premise for their existence.