Bitcoin does look like it exceeds our money in the bank, this is certainly more free to transact because of its decentralization, which is not complicated or convoluted like the banking system. Here it is very important to continue to explore Bitcoin itself from its development so far, legal or illegal.. not sure bitcoin will lose its popularity by its function, I'm sure little by little the government will understand this.
Having bitcoins in hand is not the same as having money in the bank. have bitcoin in hand as if we own we can master all aspects including the market itself. while having money in the bank is only limited to current assets which run out from time to time (consumptive) as long as it is not used, the money is not productive.
Not only that, there are a lot of limitations when it comes to using the money that you have in the bank, not only you cannot use it in whatever way you want as the bank tries to impose all kind of limits on what you can do and what you cannot do with the money you have with them, with bitcoin this is not a problem, you can use it in whatever way you want, whenever you want and it is money that is truly yours, so when you take all of that into account there is no doubt in my mind that bitcoin is the best out of the two and will keep getting more and more popular as time passes.
I guess when it comes to limits that probably more applies to the wealthy class or when you go to a bank and want to deposit a larger amount, in many countries by now you have to provide a plausible origin of that amount. I can only say that it will be getting worse for sure. The European Union along with many other nations in the world want to get the network tighter and higher in order to fight money laundering.
Whether that is the only reason they have, I doubt it. The problem is not the little dude with a couple of thousand dollars in the bank. The real deal are the big dudes who are hiding millions and even billions. I hope there goal is to catch those too, not just the normal guy.