Fiat is manipulated by governments/banks to control & have power. Whales heavily manipulate crypto. By switching to crypto, isn't it just handing the control & power from governments/banks to a small group of wealthy whales?
Think that whales manipulating the market but not to consider as controlling the whole market. Unlikely, FIAT is totally controlled by the government but the risk is low compared to crypto. But why people are taking the high risk rather than they could actually stay at FIAT? It is probably looking for more profitable market and that having crypto seems to the best option.
High risk= more gains.
This is the common mindset of the people but can't deny how many have fallen to this perceptions.