In my country, i see that people who take their money from the bank. It doesn't meant they distrust with the bank but because they need more money to fulfill their needs during pandemic. We know, because of the pandemic, Many people dont have any income to fulfill their needs, but they have to pay every expenses from their saving. Most of people in my city, doesnt interest to invest in crypto. They think that its too risky. They prefer invest their money in gold to crypto.
Yeah some forced not to save their money in bank and pay the bank fee but instead they might have stopped depositing because they can't afford to save money anymore due to pandemic so the saying that people distrust centralized organizations might be a bit biased. However, as I've seen there's ongoing trend of not saving in bank but instead investing it to stocks because of the millenials. Still same thing though, trusting centralized organization howevewer the money is not too concentrated in one institution.