The pace of "bad" events keeps going faster and faster. The traditional global economy is ill to say in nice words. If that level of depth hits a company or an individual it would clearly reach bankruptcy. It is funny to see how all traditional media treats crypto "crashes" as if it was due to this "shitty crypto economy" and traditional crashes as if it was just bad bank policies.
I have the feeling sooner than later the world is gonna flip into crypto once they understand they have much more control over their assets. It is just funny to read everywhere "not your keys, not your crypto" and no one talking about "in your bank, not your fiat"
I agree. For example, this bank crash has the government protecting accounts for up to about 350K - how many will lose much more than that? How many losses before they look for an alternative?
Even in that case, you can not be sure you will get 350K. Here in Spain, any bank account is covered by the government up to 100K€ in the event the bank crashes but honestly, I do not even trust that, they have never had to put that law into practice and if they ever have to do so, they can always change the law and say you can not withdraw more than a certain amount per day/week/month or whatever.