With the world's economy collapsing, people are looking for alternative safe-haven assets to use in times of turmoil. Interest in crypto has sparked a lot ever since the stock market went on a decline. If people decide to use crypto, precious metals, and physical cash, will it be possible to live a normal life without a bank?
What are your thoughts?
I think it was an unwise decision. To have big businesses like today, startups have to borrow a lot from banks to be able to thrive. Although our bank pays only interest equal to annual inflation, it also plays a very important part in each country's overall economy. hence I would still support the banks that operate domestically, the crypto market is very risky and we should not depend on it too much.What are your thoughts?