I do not think so. The function of banks and bitcoins are not the same either. But, what's the same is the circulation of money. You invest in banks as well as in Bitcoin, you earn money in banks as well as in bitcoin but it doesn't guarantee that bitcoin causes disaster to banks. I think, when you are going to look at it in a different angle, much people now invests in bitcoin than in banks. Apart from the fact that it is decentralized in bitcoins, more people nowadays prefer to handle their own money. In the contrary, people who wants to have their own business actually goes through bank to bank when you talk about the financial legalities. Therefore, it really depends on the people.

For my own opinion, Bitcoin seems like a disaster to several local banks. Why? Because people tend to put their money or investments only in banks in the past years, but now, the people have another option which is to store their money and investments in the Bitcoin or crypto currency community, most especially now that the popularity and name of Bitcoin is keep on a progressive positive status.

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

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