CZ, the founder of Binance, spoke in an AMA and said that the banking industry has existed for a long time, so banks have become less and less efficient.
The failure of banks has nothing to do with the development of encryption. Cryptocurrency is just an option for people to invest in. Different people like different types of assets. People will not enter the field of encryption after the failure of banks. The better the banking system, the better for crypto. We should focus on making encryption easier to use.
CZ said that in the face of supervision in various places, I think the biggest challenge is the support of banks, if banks are especially willing to cooperate and communicate with encrypted businesses. In this way, we can truly and conveniently realize the liquidity integration between the traditional financial system and the encrypted financial system, which is beneficial to both parties.