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RE: RE: Mainstream Crypto: Governor Signs Crypto Custodian Bill

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taskmaster4450le
@taskmaster4450le
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Ultimately I believe we will see a repeat of the newspaper industry. There will be many banks that fail as their business is taken away. However, a lot of it is generational. My mom, a pre Boomer, will only put her money in a bank. That is what she trusts, a basic savings account.

So we will see consolidation but the banks are in trouble with Millennials. They will hold their money on an app on a phone without thinking twice about it.

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