One of the biggest reasons that I love the idea of BTC and crypto in general is because I hate the unpredictability and inflationary nature of fiat money supply. If it were up to me, we would get rid of the US Federal Reserve and go back to a gold standard or completely adopt crypto. But one of the other big reasons that people seem to gravitate towards crypto is the hatred of big banks. I'm wondering why that is. I use Chase and I never have to pay any fees to wire money, move money around my accounts. Yeah, the bank pays out only tiny bits of interest but I don't feel like I'm getting robbed by these banks in any way. When I need to transfer money, I use PayPal, when I have to buy stuff I use my credit card and I get points for it. I just don't see why this community has this hatred towards big banks so I'd love to understand some of the reasons people have.
Well, the thing is the process of transferring money to other countries is extremely difficult.
And that's what bitcoin essentially aims to curb. There are no borders with international remittances and you sending bitcoins to other countries consists of the exact same process as transferring bitcoins to someone in front of you, with the exact same fees.
Plus, there are no cases of frozen accounts, or suspended accounts. It's not rare to see crypto transactions being flagged by banks that later on suspend these users accounts.
Bitcoin is just more simple to use and probably more efficient as well. Plus it doesn't involve fiat, which is a huge plus.