Basically, if people stop using Bitcoin, then of course there will be a big impact on Bitcoin. But if you think so, then you are wrong because people will never want to get away from financial freedom, rather they will remain related to Bitcoin and keep their financial position strong. Most people currently do not like banks, they invest in Bitcoin for their financial development and to protect their privacy. If loans are given from banks for Bitcoin, this does not mean that Bitcoin customers will decrease, although this is very unlikely. Moreover, when someone takes a loan from a bank, they must verify their complete identity and there will be no privacy protection. And if people become dependent on the bank's permission to use their BTC even after owning Bitcoin, then they will not be able to enjoy financial freedom. In that case, we know that Bitcoin is an independent currency, so banks will not be able to control Bitcoin in the future, and Bitcoin users know that their own identities are hidden by using it and investing in Bitcoin is very safe.

We must first review this issue, why is Bitcoin so popular?. The purpose of creating Bitcoin was to create a financial system where an individual can trade his assets without any third party. An individual will have the opportunity to store and trade money independently without central control, but when a bank gives a loan after taking information about a person's Bitcoin, then his financial freedom will definitely be reduced. If someone else controls his Bitcoin, then what is the benefit of using Bitcoin? However, not everyone will try to take advantage of this. Those who are prudent and consider their own security will never give their Bitcoin to someone else, no matter how trustworthy they are. Moreover, the advantage of being anonymous using Bitcoin will no longer be there. Those who want to lose their freedom consciously that is their decision.

There’s no way banks control people. Depending on banks doesn’t mean the bank can control people, you get the choice to do whatever you want. In a situation where people start to depend on banks to get a loans using their bitcoin as a collateral, then tell me where the banks control them? You still have your bitcoin in your wallet and the private keys to control your wallet. The other thing is that depends on what the individual do with the loan they took from the bank. If you use your Bitcoin as a collateral, when the repayment date comes up, if they don’t get the money, then they have no other option but to hand over the Bitcoin to the bank. Since it what they use as the collateral.

The bank can control people Bitcoin by opening wallets for them or becoming a wallet provider and then give people opportunity to buy Bitcoin directly from them and people will do thaf thinking that they own their Bitcoin but they do not. Banks are trusted by many people and if they tell them to open an account with them, they would not hesitate to do that and the banks knows this but waiting on the government to give approvals before they start offering people the safety of keeping their Bitcoin with them just as how their faits money are with them and people will still fall for this tricks and trust the banks again. All they have to do is control the narrative to be trusted.