Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
it could happen, but I would rather say that banks will be much less. Have you heard about big Japanese banks that lay off thousands of employees for replacing them with robots? Now that is a sign that we are going to live in an age of digitalization and robotization where human functions can be programmed into machines. Of course, the company will spend less if using the machine, because it only requires maintenance costs and no holiday. So cryptocurrency especially bitcoin is not the main factor of bank decline.