Banks Facing Uber Decimation (Thx, Bitcoin!), Former CEO Warns


Bitcoin’s future might be brighter than anyone can imagine. A former banking heavyweight is predicting an “Uber moment” for the world’s banks, when something like Bitcoin disrupts and takes significant marketshare—leading to banker layoffs (how tragic!) and other changes to our financial system. If even a fraction as disruptive as Uber has been to the taxi cab industry, it should be interesting to see what happens to Bitcoin’s fortunes as it eats into the revenue of very entrenched, very old global financial services companies who haven’t had to compete with “newcomers” for quite some time.

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