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RE: Bitcoin Scares Banks with Kosh Eek (video/podcast)
Answer is simple end of the profit takers of cryptos go to Bank to cash out the profit . cause they trust more on fiat not crypto. That's why TMC fall 795B to 196B. And Bank compelled people to believe fiat is much safer than cryptos . They prove it by their weapon XRP.
It's safer in some respects, it's less safe in other respects.
Still, that doesn't follow. People do take money out of crypto and put it into fiat, but that's what's happening today. It's still rather early for this technology, and people need to find ways to make crypto more stable. Even so, for many people in Venezuela and Zimbabwe, crypto is much more stable, and that's why we can see adoption of Dash in those countries.
You're looking at things today and extrapolating that in the future it will be the same... It won't. I don't know if crypto will replace fiat, or run in parallel, but there's more to it than what's going on today.
What happen in future I don't know. I just treat crypto as trading instruments .