From where I stand, I don’t see the banks or fiat going away anytime soon.
As I slowly digest the crypto world I see so much potential there to accumulate wealth, but the average Joe, will stick with the current system
It’s what is understood, but forward thinkers, people who see the long game like @ryan313, I believe will help move our economies slowly into the crypto world. But it’s a long road ahead.
Nah, they aren't moving any time soon - but they will have to adapt eventually. The long road is going to be even longer as even the people already in crypto don't actually care about anything other than their profits, making them far more Wall street in attitude than what they might purport.
That's always been my worry, Wall Street takes over , or buys it's way into the crypto world just to keep it under it's thumb. I know the concept is break away from the norms of the existing monetary system. To take control of our own destiny without big business or big government or banks, having to, well "know" our business.
Anything is possible, but the big boys will not go down quietly. Instead I think they will scramble to jump on board, as we are already seeing with some of these large hedge funds.
I patiently wait , but so far 2021 is looking very good, bitcoin is really giving us a good show.
Peace!