You're talking about the low morals of banks vs. cryptocurrencies, but I feel much safer depositing my savings in a regulated bank than I would converting them into any type of cryptocoin. Is my perception wrong?
I understand that in particular cases (e.g., hyperinflation), you may prefer cryptocurrency, but for the vast majority of people, official currencies and regulated banks are much safer and practical.
> I feel much safer depositing my savings in a regulated bank than I would converting them into any type of cryptocoin. Is my perception wrong?
I converted all my fiat back in the days to crypto. I didn't feel safer back then, but later on as the value skyrocketed and I diversified crypto gains to all kinds of assets my comfort level increased very nicely. I still have good stake of crypto, now I wouldn't feel safe not having some amount.
I understand that in particular cases (e.g., hyperinflation), you may prefer cryptocurrency, but for the vast majority of people, official currencies and regulated banks are much safer and practical.