Is Bitcoin going to affect Banks in the future?

[S1lkRd2104]

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.

[Master107]

Most probably bitcoin will affect bitcoin. Bitcoin will not grab the opportunity to come in to the banks but banks will do that. My prediction of the future people from different places will have bitcoin accounts than banks account. So banks will court bitcoin people to enter their boundaries in order to cater the crypto people and the simple.

[aiviaa485]

I think the Bank will continue to stand because the Bank functions with its centralized nature.
in contrast to cryptocurrency whose nature is not centralized.

Banks have also been tested for hundreds of years to become state servants, while cryptocurrency has just emerged in 2009.

[de_prof]

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 It is possible. Because bitcoin is the future currency, Bitcoin will affect banks in the future.

[mikesmat]

Well yes, i see that happening
 Imagine an individual having control over his or her investment without third party involvement that makes digital banking easy, right? With bitcoin or blockcain one gets huge profit after investment as compared to banks. So the bank is definitely going to be affected in the future.

[Alcor]

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?

Certain influence bitcoin, of course, on the banking system will. Even not so bitcoin itself, as the entire crypto currency in general. However, this influence will not be significant. Banks will accept the Crypto currency as much as they deem necessary. After the legalization of the crypto currency, the banks will provide services for its exchange, but they will not accept deposits in the crypto currency or give out loans in it, since these will be very risky operations for them.

[Rivaldi Kunkun]

I think it would indeed be a little screwed up the banking system because of the nature of the bitcoin and banking that are inconsistent. whereas the development of the bitcoin is inevitable. for that banking have to think about that kind of thing start today.

[Omega]

Probably because banks won't do its own part if crypto will massively welcome around the world. Banks cannot do anything to eliminate crypto but they shoulders ride with the flow. Bitcoin is the major coin that can affect every single transaction with rewards to fiat system into crypto.

[Iconic]

I don't think so. because banks have yet to receive digital currencies like Crypto. that is why there is no effect in the bank. banks only manage Real money and other accounts. this is very far from your estimate.

[Miftakhul2]

indeed bitcoin can affect banks in general, many are interested in bitcoin or coin and prefer to save and invest coins rather than save in a bank, this is a very fast development in the future .

[chinito]

Bitcoin will have a big effect on banks because of the revenues that's why many government wants ti banned Bitcoin.But there already some countries that Bitcoin were already accepted.

[Miftakhul2]

actually it only affects 50%, due to the many coin enthusiasts, investments and save from saving, then at that time the bank will also serve and save the coins too, then at that time the prices were very good and there were lots of supporters everywhere ..

[kevinjulio]

of course, this will give an impact on banking. because as it has been known that bitcoin increasingly growing and increasingly sought after. If the bank is still stiff against bitcoin then may the bank will lose competitiveness and lonely clients.

[Doctor]

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?

Yes I think Bitcoin will go to affect banks in the future. I believe it. Bitcoin will be dominate at the coming future.

[Alcor]

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?

The impact of bitcoin and other crypto currency on the banking system will be minimal. Decentralized crypto currency will lead to a decrease in the profits of bankers, because they partially take away clients from them, however, this will have little impact on the banking system itself. Banks are in fact now part of the state system, and therefore their existence is not threatened. In addition, they perform a lot of various specific functions that can not perform crypto currency.