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RE: DeFi: The Banks Are Cooked

The big banks will always exist! They will evolve and change with the times.

They might or they might not. Just because they are big does not mean they will survive via adaption. General Motors was once the largest company in the United States and I forecast they will have a tough time being around by the end of this decade.

Many large institutions have bit the dust, especially when technology starting to pound every layer of their company.

This is what the banks might be facing.

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The only thing that might prop them up is that they got themselves labeled "too big to fail". So, the Feds might make an effort to keep the major banks alive.

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