The current debt system we have in place is on the edge of of a catastrophic failure. I believe when the global financial crisis hits it will be the worst economic disaster in modern day history. When the crash happens the only option will be to adopt bitcoin and governments will be forced to come with terms with this and welcome bitcoin with open arms. That being said once bitcoin is adopted as a global currency the future will be very bright restoring the corruption that has been going on for well over century.
I don't think the banks are no longer profitable in terms of value- The fed has been giving out loans at an interest rate close to zero. This is absurd based on the fact inflation the past year is well over the skewed projection of 5%. The banks are handing out mortgages at a mere 1-2% for people to invest in a housing which acts as a hedge against the rapid inflation happening. The banks are drowning themselves in falsified wealth. This brings me back to the fact wealth/value cannot be created in terms of currency but only human capital.
The government is handing out cash like candy on Halloween while no human capital is being outputted. Just take a stroll down any strip mall...everyone is hiring and they still cannot find employees . The fed will be forced to bring up interest rates but they know the banks cannot afford for that happen which is why we haven't seen it. They are going to drag this out till the end
Time line
Fed brings up interest rates->Market crashes/Banks fail->US Dollar Fails along with the rest of fiat->Mass Bitcoin adoption.
This is just a running work of my thoughts not financial advice
PS- Your naive if you think the current system will last...history always repeats itself. That being said this is just a working draft much more research to be done.
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