As far as utility, the hodlers who gained billions did not help utility. On the contrary they hurt it. CC are not being used as useful money to any significant extent. Instead the VCs use them to root trust, sell digital services, and create brand new services. Banks don't do any of those things, they can't financially benefit except when they hodl or skim money from accounts, transactions and sell their other narrow outdated services.
Finally on aesthetics, the banks can't predict which coin will gain enough mining critical mass without appreciating the aesthetics along with new functionality that new CC's provide. They will recognize the new functionality, although probably not before the kids do. But they will probably not appreciate the aesthetics.
Here's how it works for the benefit of those still reading. Some kids read some threads and hop onto some new CC. They mine without any competition although the CC is not tradeable at the beginning, They either create a critical mass for mining or they don't. If they do the bigger miners get involved the banks buy in, etc. The kids take their profit and hop to the next one. That's also how it will continue to work. The only significant exceptions are VCs and some banks creating their own CC which will have some defined business case or flop or both.
you’re doubling down on the deluded dupe sauce. Banks have trillions of dollars to buy and sell assets. You yourself admitted they can effect the value of a crypto currency.
When many of those holders are banks, there’s plenty of utility there.
Banks don’t need to predict which coins gain critical mass, they have the resources to DICTATE critical mass. Again YOU ADMITTED IT.
Here’s how it works for those not wanting to be deluded dupes: banks have enough money to prop up or tank any market. CC is just another market. Banks understand the buying and selling of currency, that’s literally what they were built to do. They will be better at buying and selling CC than the average person. They do not fear CC, they will profit from it.