Will banks shrink significantly in the next ten years? See what industry leaders think about blockchain transforming finance

【Crypto World】Over the past two days at the Davos Economic Forum, industry leaders shared some interesting insights. They believe that the demand for traditional brick-and-mortar banks will significantly decline over the next 10 years. The reason is straightforward— as blockchain, KYC, and other technologies become more mature, fewer people need to visit bank branches. Banks certainly won’t disappear, but the size of their branches will need to be drastically streamlined.

However, he remains cautious about the prospects of Bitcoin for direct payments. Although this direction has been explored for many years, the failure rate in innovative fields is alarmingly high, and the difficulty of large-scale implementation of Bitcoin payments is evident.

Regarding tokens, his views are quite direct. Meme tokens? The risk is enormous, with speculative elements skyrocketing, somewhat like the previous NFT and metaverse waves—ultimately, they were all cooled down by reality. While projects like Dogecoin with genuine cultural roots might last a bit longer, the vast majority of Meme tokens won’t last long. Overall, this is a speculative game, and retail investors should be cautious.