what's their rationale?

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N/A, hearsay and gambling as usual. I guess "get rekt" is the only real explanation, but they're both gold/guns type of people, you'd think they'd know better.

A year ago I was talking with someone who genuinely believes banks are adopting it and that it will reshape our financial system 🤦‍♂️

Four years ago that was me :D

In that case, you give me hope

Everyone has to start somewhere. Its easy to buy into something being the next big thing when its priced at $0.50 vs BTC at $x,000 and you have done zero real research. Greed takes over and you get caught up in the hype.

That would be the worst case scenario

For people to believe or to actually happen?

For it to actually happen