Is Bitcoin going to affect Banks in the future?

[Domithra]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

[jekjekey]

I dont think so because that banks are compete with new generations we dont know they will accept digital currencies too so we will not understimate that banks not accepting cryptos because they will change too and upgrade.

[jembat1234]

in my opinion will not go forward, because bitcoin is not a currency, they are just objects that have money

[quockhanh]

I dont think so 

[LisaM023]

Taking into consideration how fast popularity of cryptocurriency has grown I think it`s possible

[Lyfuuuuu]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

I don't think so, that it'll affect​ the banks, since some of the banks are adopting/accepting BTC  so for me it will not affect the banks. One should adopt, and that is the bank. Since BTC will grow more in the next few years.

[isomoyes]

I don't think so . Gov control bank other hand bitcoin cannot be control by government or group.

[julliandrey]

some banks maybe but not all because banks will find way also on how will they keep their investors stick to them bitcoins decentralized is one of the banks need to defeat so their investors would still invest to them

[wahyunyarobiyanto]

Yes, of course.
because today many world banks are using bitcoin blockchain technology.
so there will be an effect to the bank be it a positive or negative effect.
but in my opinion there will be a positive effect given bitcoin for world banking.

[owmivmen]

the effect of crypto for banks is huge because everyone will invest in the crypto and start forgetting the bank as a money store. and the bank will experience crisis for the customer's funds.

[Zed0X]

Bitcoin is already affecting banks inversely in my opinion. I also think that banking institutions are the ones behind all these negative news about bitcoin. But they are smart, since they can't stop it, they are now adapting it.

[Zorin]

I think that bitcoin already has an impact on banks, and in the future, when it is received, it will become antiques, and will be sold at auctions.

[Duavent21]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

I think is no, because all of banks is not accepting any coins or token of cryptocurrency the reason is they fear of hacking there system in lossing all of everything they can.

[Ikkelins]

well yes. Bitcoin is going to affect the banks massively in the future if they do not put measures in place to also run digitally. The question now is how is it going to affect the banks. Banks serve as central servers for payments and transactions that are made with the use of fiat currencies but the loop hole with bitcoins is that it is a digital currency and does not need the function of any central servers to make transaction go on. The situation right now is that most people don't have any idea about bitcoins or any other altcoins and how they work. the great news is that a new and wonderful project is going to solve the problem of inadequate knowledge in cryptocurrencies. Visit ubanx.io for further information into this project. When bitcoin is finally accepted globally and legally there will a\be no much use of banks which will lead to the collapse of several of them. This is the threat digital currencies pose to the central banks. with all these in mind i still love to operate with digital currencies.

[dominoes]

So far bitcoin now affected banks already. If we observe some banks in our country specially the country who recognised bitcoin they do something new to reach the new money system in order to have additional or possibly more profit in the future. They do hard work to promote that this particular banks accept crypto coins so everyone is invited to try the new service. Some banks are alarm. It means bitcoin affected banks already.