A strong statement, but came from the actual favorite of the crypto community, Michael Saylor. Bitcoin, as a digital accounting system, makes it possible to own and use our money, without middlemen and third parties, without permission. And the defi, which already exists on the Bitcoin network, offers a wide range of banking services.
Despite this, disappearing the banks, and financial services, providers, is very unlikely. Banking, as an industry exists for more thousand years because there is a significant demand from the people. Many people don’t want to handle their own finance, don’t want to take care of the custody, and all these things. They just want someone who make the job, and they pay for it.