Hello and thanks for this most interesting note @sactheskydiver. I agree with your view the banks will be split, at least until the central bank comes down hard with threats against what it sees as being “rogue banks”.
I see some banks opening up a business of supplying safekeeping for people’s cryptocurrences, with some kind of guarantee that they will compensate their clients if they make a mess in the process. I suppose it is unlikely that this will happen in the USA; but in another country that I do not recall just now this process has already begun.
As regards the banking industry’s moves, I buy the argument that we have already seen a big one: the start of futures trading on the CME. Please go here https://steemit.com/bitcoin/@lestatisticien/bitcoin-could-make-you-rich-but-bitcoin-futures-traders-may-be-the-king-s-men , to see my related post.
I believe that you are correct in directing peoples’ attention to an important fact -- using our bitcoin “riches” requires that we cross the bridge between crypto and fiat, and that bridge is controlled by the banks!
Cheers!
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