I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
We all know that bitcoin is very trustworthy and sustainable crypto currency and being in digital form, it comes superior to all the currencies available in the market and this is not theoretical, as millions of people in the world finds bitcoin much better, safer and the most profitable in all the terms than all the form currencies available in the market and no doubt that if crypto currencies will get legalised it the entire world then it will obviously decrease the use of Fiat currencies among people but I dont think that this is also a threat to local banks as then instead of storing these Fiat currencies, they can start storing these crypto currencies.