Can banks survive with bitcoin around?

Question

If yes, how?

Answer 1

Favorite Answer

Nobody uses bitcoin for everyday transactions. The transaction costs are too high and the amount of electricity required for bitcoin mining makes it an environmental disaster. The real question is whether or not Bitcoin serves any purpose other than being a speculative asset.    

Answer 2

By providing services that Bitcoin doesn't, such as certified checks, real coins, safety deposit boxes, interest, etc.

Answer 3

Only morons buy bitcoin.