Banks calling crypto risky is the same as FAX companies calling Email risky

It is funny an even ironic to see Banks warning about crypto. Just yesterday the bank of England warned that crypto could become 'worthless'. Banks are freaking out seeing money goes from under their control to exchanges which they can't manipulate. The less assets they have under control, the less power they have.

Crypto is a danger for their existence and they know it! It is the same thing when FAX companies would warn about emails and their dangers when they noticed that it is taking their market share.

Banks are not stupid, they have a lot of smart people working there. They know that their future is not certain anymore with so many people wanting decentralized finance and seeing the adoption grows massively. It has become quite clear, either join and adapt blockchain technology or get lost behind!