However, that same little upstart is now disrupting the system of things; from Bitcoin and other cryptocurrencies, ICOs and the ever impressive Blockchain technology. This is now a legitimate threat on traditional banks.
Actually NO!, if the bank doesn't mind and willing to facilitate the place or container for the exchange of crypto type it feels very wise especially if they can combine it with their fiat, then the bank will also benefit from "Transaction Fee "which have been issued by crypto users.
The power and control of money is being ripped away from traditional institutions, which can also be seen on Wall Street. Some of these traditional investors are siding with what could be the future, while others vehemently denounce it.
Every individual has the right to judge something, according to his ability in seeing the phenomena, which occur around him.
Banks have existed unchallenged for hundreds of years, and that is the key issue here; Bitcoin, backed by a solid platform such as Blockchain technology, is a ghost that is incredibly hard to control due to its decentralized nature.
Most of the people assume as you say, because banks have the full support of the government, so they are more free to strangle their citizens with various types of loans and debts.
