Seems to me that banks are just afraid of bitcoin and other cryptocurrencies because if this becomes some kind of standard, what will their business be? They wont be able to use something that they can not create.
You make a great point about fiat currencies. Case in point is the current state of Venezuelan economy. A first world country slipping back into third world status. It goes without saying that bitcoin is safer that Venezuelan fiat at the moment.
Seems to me that banks are just afraid of bitcoin and other cryptocurrencies because if this becomes some kind of standard, what will their business be? They wont be able to use something that they can not create.
You make a great point about fiat currencies. Case in point is the current state of Venezuelan economy. A first world country slipping back into third world status. It goes without saying that bitcoin is safer that Venezuelan fiat at the moment.