CBDCs could make traditional banks obsolete. Shouldn’t banks work on new business models to survive? Is Bitcoin an answer?

It seems quite certain that CBDCs will be a centralized privacy nightmare by giving transparency and full power about every aspect of money to a single institution while everyone else will not be granted any rights or insights. From a business perspective: Shouldn’t banks prepare to look for new business models to not become obsolete in the future? A possible way forward could be embracing decentralized crypto currencies (—> Bitcoin) and services as a use case to survive and finally start serving the people. Thus, preventing a horrible Dystopia and offering real value to their customers. That would mean to position themselves against the central banks which might sound like a very stupid idea in the current banking setup.

Don’t get me wrong, I am all about “not your keys, not your coins”, but many people don’t care or understand this. Also, services could be offered for both: custodial and non-custodial customers.

So what are your thoughts?