We will still need banks as not everyone will use Bitcoin. We are already seeing banks for Bitcoin. If anything banks as we know them may have to move with the times and start bitcoin accounts. At the end of the day banks make money of our money they will want to try making money from bitcoin too.Both can run because none of them influence the other in any manner.

Right now there is no such thing the can challange the banks.  Their monopoly is just to strong.
Perhpas if some big wall street firms step in with bitcoin venture we can see this happeningMany people need some normal banks. Some people doesnt even know what Bitcoin is.
So how it is possible to make the banks disappear. First we must introduce Bitcoin to them and that it is maybe possible later in the future. Do you think so ?

Even though bitcoin is becoming very popular, it still cannot replace or make banks disappear! Banks have been with is for ages and they are quite stable when it comes to monetary issues. Aside from that, bitcoin is still not accepted in some parts of the world.

I would say that bitcoin is not accepted in most parts of the world. When i look around in my area and wanted to purchase anything for bitcoin in real life, I would come back empty handed.
Besides, banks offer more than money transfer. They give services a lot of people need. Advisement in how to invest money for example.
Bitcoin can not do that.

There is no point in looking around you for stores that accept Bitcoin when you already know there aren't any. Beside that, I don't see how this is a problem at all, since you can spend your fiat to buy your daily needs.


Bitcoin is a multi functional tool that offers you financial freedom. You are the only one that is capable of doing anything you want with your coins, and thus you also have to take care of certain aspects yourself. If you are looking for some advice, then you can seek information in various manners. Even on this forum. Another thing, banks mostly only advice you because you have either your money stored there, or you give them the ability and approval to invest your money for you.

Yes! Many people still prefer to use fiat because majority of them doesn't know anything about Bitcoin! Aside from that, they still have doubt about the legitimacy of Bitcoin. They still think that Bitcoin may turn to scam because it is decentralized!

sometimes I think that banks do not have any hostility with bitcoin and they will also like accept bitcoin in their system but as it is not approved by the governments for their uses so they are unable to use it and that is why they want people to use only their own system for now until they adopt bitcoin.

But if the banks were unable to control bitcoin after they adopt it and the government allow them then they will start to hate bitcoin as they will then lose the faith and will consider it as a harm for their banking system as people are already storing their money in bitcoin.

In 2012 HSBC paid $1.3 billion in fines for "conducting transactions on behalf of customers in Cuba, Iran, Libya, Sudan and Burma, all of which were on the sanctions list."

In 2014 BNP Paribas "agreed to pay almost $8.9 billion in penalties and pled guilty to settle charges it concealed roughly $8.8 billion of transactions with countries like Sudan, Iran and Cuba."
BNP Paribas pulled in 42.938 billion Euros ($47.84 billion) in revenue in 2015 and has nearly 2 trillion Euros in assets...

Although Bitcoin is starting to get noticed by banks and those in power of politics, its still just a drop in the bucket.
Even a market cap of $11 billion is nothing for the established banking system.