Bitcoin transactions are very convenient, especially without any problems, rather it is very easy to make fast transactions from one end of the world to the other through Bitcoin. Yes, in the beginning, banks explained Bitcoin as fraud, but currently we can see that those banks are becoming more interested in accepting Bitcoin. Bitcoin has now reached the peak of popularity where big companies and institutions in the world are investing, as a result, the demand for Bitcoin is increasing. The way Bitcoin's price is currently moving forward, we can expect Bitcoin's position to be better in the future. For Bitcoin transactions, you do not have to face any problems like banks and if you invest in Bitcoin and make transactions, you do not need any kind of identification. Currently, people trust Bitcoin more than banks, and if you keep money in the bank and want to make transactions from there, you have to provide all your identification.  But when you invest in Bitcoin and make transactions, your identity remains confidential, and those who have adopted Bitcoin certainly avoid banks, relying on Bitcoin in most cases.

I believe it will even be more alarmingly smaller in coming years. The reason for that won't be far from the obvious usage of Bitcoin people have put it to as an asset than as payment option it was initially intended for. More people doing that will mean decreasing number hodling in personal wallets. Traders like to go the Cexs way.

Banks are just trying to find a way to benefit from bitcoin since they can’t control it despite all attempts made. It’s a good thing they realized now that bitcoin wasn’t in competition with the traditional banking industry and it doesn’t take anything from them because in own way or the other, a bitcoin holder still need bank when trying to convert their bitcoin back and forth into cash or even if they are taking from exchanges, such exchanges are still tied to banks. The earlier they start realizing all this things now the better for everyone.

Banks always look for opportunities, because they hold a big volume of funds. As most users mentioned bitcoin was invented to eliminate the intermediary. However now things are taking a different turn. Banks want bitcoin as a source that can yield them revenue.