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@taskmaster4450le
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Same stories as the newspapers. Most died (or were consolidated) since they didnt see the Internet as a threat. It is now more than two decades since the Internet started and there are still newspapers but they are dying. They are only around, in my opinion, since there are still people who read them. Give it another couple decades and they will be toast.

The same is true for the banks. It will take a while. However, they were already hit in many ways by FinTech where sectors of their business were taken over by non banks. In the US, more than half the mortgage industry originates outside the banking sector.

Hopefully your friend listened to you and bought Bitcoin and ignored the banker's proposal.

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