The Short Version
This claim is not supported by the evidence. The most credible and recent sources — including Forbes, Silicon Valley Bank, BBVA, and multiple legal analyses — consistently forecast a hybrid model where cryptocurrencies are integrated into traditional banking, not replacing it. Growing merchant acceptance and crypto ownership do not equate to displacing banks' core functions like deposits, lending, and regulated consumer protections. Adoption barriers including volatility and security concerns persist, and only ~30% of U.S. adults currently own crypto.