If you are to choose, which one would you prefer to store your money, banking which is susceptible to fraud like identity theft, lost and stolen cards, ATM withdrawal scams etc., or cryptocurrency wallet which is susceptible to cyberspace scams? Why?
I think the issue of fraud is everywhere and not in the banking sector alone. If in crypto there have been cases of hack of people's wallet and loss of funds. Then when it comes to choosing between crypto and banks, I think decision will vary based on individual perspective. For an individual who is a risk taker, he or she is welcome into crypto but for those who do not like to take risk, it is better they let their money be in banks. However higher profit will accrue on crypto investment while little or nothing will yield from the one saved in the bank.