there always be possibilty for Bitcointo becomes irrelevant in the future,but i dont think it caused by banks,becuase so far not many banks not interesting into bitcoin,and its why bitcoin will always be relevant for people who love bitcoin.

Of course will Bitcoin still have value. What banks are doing is essentially creating their own altcoins. Even worse, these altcoins will be most certainly under some kind of centralized control. Bitcoin will most likely not suffer from these activities, because it has by far the greatest network size, hence security. Also the most essential appeal of Bitcoin is that it's not centrally controlled. In fact, the message engraved in the first block states quite clearly that Bitcoin was created to break the power of banks and misguided interventionist monetary policy.

I think many opinion leaders in the banking sector are just following what they perceive to be en vogue, without really understanding the technological background and motivation of it. The creation of privately controlled blockchains can be compared to setting up an intranet limited to a certain user group versus using the internet, where everyone can theoretically connect with everyone.

ya.ya.yo!

Are you talking about blockchain tech? Of course financial institution are interested but so far they don't have any working blockchain system.
And imagine different situation, when banks will admit that they are using technology ripped from bitcoin then public trust in bitcoin will grow.
After all people will think that trusted public institutions can't use something unproven and risky.

Without an incentive (token) they are doomed to fail. Of course they will try to do it in house, wait till a few get hacked.

local coins will never surpass bitcoin... If one bank do their own coin it might be good, might have a few customers but bitcoin will always be bigger.

Hell yeah, it'll still have value.
At least I hope it'll have value, because they are using the BitCoin blockchain.

This is an interesting question and one that gets asked a lot!

Blockchain technology loses much of its punch when the incentivizing power of bitcoin is removed. In my mind, the true genius of the system comes where the blockchain is public and the network supported by miners working for a token.

Banks can harness the underlying tech, but it's the public implementations where the greatest potentials are stored. An incentivized public blockchain is 'alive' and 'self-sustaining' whereas a private blockchain is a dependent application at the control of a switch.

~~

One of Bitcoin's main advantages is that it allows me to transfer value without the help of a middleman or the permission of an authority. Once I have this freedom, why would I want to give it up?

Sure the average debt slave might not see the advantages of monetary freedom, but I certainly do.

your question is like saying will bitcoin still have value if a new altcoin is created! because that is what these financial institutes are doing, by just adopting the blockchain technology they are creating their own coin (altcoin) which is also centralized.

Bank not interesting with bitcoin, but he very interesting to adopt blockchain technology, maybe in future we will see bank use publick blockhchain technology.