After attending the World Economic Forum (WEF) in Davos, Coinbase CEO Brian Armstrong stated that a senior executive from one of the top 10 banks in the world told him that: crypto is now the number one priority and a "survival" threat to banks.

This indicates that traditional banks no longer see crypto as a small trend but are viewing it as a real competitor that could change their business models.

In Davos, the two most discussed topics were stablecoins and asset tokenization (bringing stocks, bonds, and real assets onto the blockchain). According to Coinbase's CEO, these technologies could help people worldwide invest and transfer money directly with each other, without going through banks. If this happens, the intermediary role of banks will be diminished.
#GoldAndSilverHitRecordHighs