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?
Right now I will still go with bank because it is widely accepted and there is no restrictions. I may change my preference in a year or two if crypto become more famous.
Actually, it's the reverse. Banks have restrictions because it's regulated and cryptos are not which makes the banks a better choice for now for that exact reasons. The restrictions keep our money secured because it's insured as part of the regulations although hopefully, in the future, a technological breakthrough in cryptocurrencies and blockchain will make it more secure.