I think the real question is: Can #Bitcoin completely replace the banking industry? It’d be really clean if it didn’t exist! 🧡
Discussion
I don't think so. Banks will adapt.
Nah banks will adopt it
It’s wishful thinking! 🧡
It’s wishful thinking! 🧡
When you talk replacing the financial system, that's DeFi and exists primarily on Ethereum. That's why some people see Ethereum as the finance layer and Bitcoin as the value layer.
There are people trying to build DeFi on Bitcoin now too. In time who knows.
Possibly as a protection against the CBDC?
Or as a world reserve currency - perhaps acting like gold in the days of the gold standard?
We all don't know, but one thing is certain, it will be extremely exciting.
But yes you are right. Some Banks in Europe already adopted it. Germany as an example. Austria probably in 2024 - more to come.
I won't tell names of the companies 😌