When I see the picture of our banks in my country's, it seems lots of people in the line to withdraw their funds. An analysis of my country says that people keeping funds on their hands instead of keeping into the bank. And it hasn't happened before where a huge amount of funds holding by population. Bank reports saying, clients are just withdrawing their money, deposits are very low by comparing with withdrawal. That's why people encountering lots of questions from the bank regarding withdrawal. Most likely due to the global pandemic, people want to keep funds on their hands.
I don't know if it is happening in your country as well. But seems people losing their faith from centralized organizations like a bank. It would happen due fair of bankruptcy or due to need money on emergency situations. On the other hand, gold and bitcoin movements saying that new investors getting in. Most probably people want to be their own bank.
What's your thought and what's the real situation of your country?
It depends on the country. Once I had a presentation about banking culture in some post-soviet countries and from my research, I can say that they avoid deposit in bank accounts. The reason is that in some of these countries, back in 90s, a lot of people, the highest percentage of the population had deposit on banks account (there weren't commercial banks, banks belonged to the government). And one day, people lost deposits, government take it all, then happened inflation, currency was changed, etc. That's why majority of population don't trust to banks in some countries (younger population more likely trusts banks and makes deposits if they have).